M&A Deal Summary

Sportgroup Acquires AstroTurf

On June 30, 2016, Sportgroup acquired manufacturer AstroTurf from Textile Management Associates

Acquisition Highlights
  • This is Sportgroup’s 4th transaction in the Manufacturing sector.
  • This is Sportgroup’s 2nd transaction in the United States.
  • This is Sportgroup’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2016-06-30
Target AstroTurf
Sector Manufacturing
Buyer(s) Sportgroup
Sellers(s) Textile Management Associates
Deal Type Divestiture

Target

AstroTurf

Dalton, Georgia, United States
AstroTurf LLC is a manufacture and distributor of synthetic turf systems. The brand offers advanced, state-of-the-art, multi-sport and specialized synthetic turf systems with proprietary engineered technologies.

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Buyer(S) 1

Buyer

Sportgroup

Burgheim, Germany
Category Company
Sector Manufacturing
Employees1,900
Revenue 300M EUR (2014)
DESCRIPTION

Sportgroup is a manufacturer of artificial turf systems and synthetic floor coverings in the sport and leisure sector. Its comprehensive product range includes artificial turf, running tracks and polyurethane surfaces as well as components for sporting, industrial and leisure facilities. Sportgroup is based in Burgheim, Germany.

DEAL STATS #
Overall 4 of 5
Sector (Manufacturing) 4 of 5
Type (Divestiture) 1 of 1
State (Georgia) 2 of 2
Country (United States) 2 of 3
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 SYNlawn

Dalton, Georgia, United States

SYNlawn LLC is a provider of synthetic grass for landscape solutions. SYNLawn uses exclusive yarn technologies to produce unmatched solutions for synthetic landscape, golf, pet and playground systems. Engineered using BioCel™ technology, the EnviroLoc Backing System replaces a large portion of petroleum-based polymers with biobased polymers created from soybean plants (a renewable resource) for superior strength and dimensional stability.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-01 ProGrass

Sharpsburg, Pennsylvania, United States

ProGrass LLC is a manufacturer of synthetic turf customer solutions that include product development, design build, project management, construction, installation and proactive maintenance.

Buy -

Seller(S) 1

SELLER

Textile Management Associates

Dalton, Georgia, United States
Category Company
Founded 1998
Sector Apparel/Textiles
DESCRIPTION

Textile Management Associates, Inc. provides synthetic sports turf products.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-30 AstroTurf

Dalton, Georgia, United States

AstroTurf LLC is a manufacture and distributor of synthetic turf systems. The brand offers advanced, state-of-the-art, multi-sport and specialized synthetic turf systems with proprietary engineered technologies.

Buy -
Mergr

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