Koninklijke Ten Cate NV
amsterdam : KTC

May 25, 2011 02:07 ET

TenCate Takes Strategic Share in Sports Construction Company Hellas

ALMELO, NETHERLANDS--(Marketwire - May 25, 2011) -

TenCate has entered into an agreement to purchase a minority share in Hellas Construction Inc. (Austin, Texas, USA). The transaction was finalized yesterday. Hellas' main activity is the construction and installation of synthetic turf fields and running tracks in North America and is a valuable contribution to the TenCate strategic concept of value chain management in the synthetic turf market.

Hellas Construction is a leading company in the North American market for sports fields and running tracks. Its business model includes turf manufacturing, base construction, installation and maintenance of sports fields, running tracks and tennis courts. The Hellas company controls all necessary business processes to take its products straight to the end-user including marketing & sales, quality control and project management.

It is the intention to form a close relation between TenCate and Hellas to continue providing a superior synthetic turf product and sports surfaces to the North American market. TenCate provides research & development, the highest grade turf backings and complementary carpet manufacturing to Hellas.

Value chain management

TenCate synthetic turf components are supplied worldwide to many prominent suppliers and producers of synthetic turf systems. Cooperation within the value chain leads to greater quality control by all the parties involved in the development process, resulting in integral quality assurance. This is fully in line with the system approach advocated by TenCate. TenCate Grass thus gives a general impetus to further improvements in the playing characteristics and durability of synthetic turf systems.

Royal Ten Cate
Almelo, the Netherlands, Wednesday, 25 May 2011

Royal Ten Cate (TenCate) is a multinational company that combines textile technology with chemical processes and material technology in the development and production of functional materials with distinctive characteristics. TenCate products are sold throughout the world. Systems and materials from TenCate come under four areas of applications: safety and protection; space and aerospace; infrastructure and the environment; sport and recreation. TenCate occupies leading positions in protective fabrics, composites for space and aerospace, antiballistics, geosynthetics and synthetic turf. TenCate is listed on NYSE Euronext (AMX).

TenCate Grass develops and produces synthetic turf components and designs systems for top-flight sport, recreation and landscape applications. Together with its partners, TenCate Grass strives to achieve a system approach. This gives users confidence in playing characteristics and lifespan. TenCate Grass has production facilities in Europe, the Middle East and North America.

Hellas Construction is one of the largest sports contractors in the United States. The company specializes in the general construction of sports facilities and synthetic surfaces. For more information visit: www.hellasconstruction.com

Press release as PDF: http://hugin.info/130798/R/1518540/455041.pdf

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Source: Koninklijke Ten Cate NV via Thomson Reuters ONE


Contact Information

  • For further information:

    Koninklijke Ten Cate nv
    F.R. Spaan
    Corporate Director, Business Development & Investor Relations
    Telephone: +31 546 544 977
    Mobile: +31 612 96 17 24
    E-mail: Email Contact
    Internet: www.tencate.com