Shaw buys turf maker Sportexe
November 3, 2009
Shaw Industries Group has acquired synthetic turf maker
Sportexe Construction Services Inc. The acquisition brings together Shaw’s
TerraSport sports turf and TerraSoft recreational surfaces brands, sold under
the Spectra Sports Surfaces division, with Sportexe’s current product offering.
Terms of the deal were not disclosed.
“We are
very pleased to have Sportexe joining Shaw Industries. The turf market offers
exciting opportunities for us,” said Vance Bell, Shaw Industries CEO. “We intend
to be a fully integrated producer from manufacturing through installation. With
the combined strengths of these two companies, we look forward to accelerated
growth in the synthetic turf market.”
“Joining
Shaw will give Sportexe the financial support and resources needed to boost the
company to the next playing level,” added Stephen P. Noe, president and CEO of
Sportexe. “The combined strength of the two companies will allow Sportexe to
continue delivering great service to its clients both before the sale, during
the installation and throughout the ownership experience. It will also ensure
we give athletes the best platform on which to play their game.”
In its more
than 20 years in business, Sportexe has provided fields to organizations such
as the New York Jets, San Francisco 49ers, Baltimore Ravens, New Orleans
Saints, Buffalo Bills, University of Pittsburgh, LSU, University of California
and University of Arkansas. Sportexe is also the exclusive and/or official turf
system supplier for The Arena Football League (AFL/AF2), National Lacrosse
League (NLL) and the Major Indoor Soccer League (MISL).
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