Fieldturf

Fieldturf

September 16, 2005 09:00 ET

Historic Sports Surfacing Deal Completed With Creation of ...

Historic Sports Surfacing Deal Completed With Creation of FieldTurf Tarkett; Attention: Business/Financial Editor MONTREAL--(CCNMatthews - Sept. 16, 2005) - MONTREAL, Sept. 16, 2005 (PRIMEZONE) -- The agreement between FieldTurf and Tarkett Sports has now been completed. The integration of two largest sports surfacing companies has resulted in the creation of a single entity called FieldTurf Tarkett. The announcement was made jointly by FieldTurf CEO John Gilman and Tarkett CEO Marc Assa.

Gilman will head up the new company as the firm's worldwide operations and manufacturing responsibilities will be consolidated and run out of FieldTurf's Montreal headquarters.

"When we began this relationship early in 2004, we realized the value of the FieldTurf brand and patents," said Assa. "We increased our stake in the company as we recognized the success of John's extraordinary marketing team whose efforts will now be geared toward increasing worldwide market share through our combined distribution network."

"The new FieldTurf Tarkett company will have total revenues of more than US $225 million," said Gilman. "These increased resources will aid us in developing more efficient supply and installation ability. We can continue to grow our Intellectual Property portfolio and have greater resources to protect against infringement of our patents."

FieldTurf is the world leader in the new generation of infilled artificial grass systems. Highly recognized for its patented products and installation technologies, FieldTurf is installed in more than 1500 high profile stadiums, universities, schools and parks worldwide.

Tarkett, through its sports division, is highly regarded internationally, with manufacturing plants around the globe. Their brands include Prestige, the European market leader in infilled turf, as well as flooring, track, tennis and indoor products manufactured from a variety of materials, including PVC, Wood, Linoleum, PU and Textiles. /For further information:


CONTACT:  FieldTurf Tarkett 
          Darren Gill
          (514) 340-9311
          dgill@fieldturf.com

          John Gilman
          (514) 340-9311
          jgilman@fieldturf.com
/ IN: AGRICULTURE