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  6. Sportgroup Acquires ProGrass

M&A Deal Summary

Sportgroup Acquires ProGrass

On October 1, 2016, Sportgroup acquired manufacturer ProGrass

Acquisition Highlights
  • This is Sportgroup’s 5th transaction in the Manufacturing sector.
  • This is Sportgroup’s 3rd transaction in the United States.
  • This is Sportgroup’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2016-10-01
Target ProGrass
Sector Manufacturing
Buyer(s) Sportgroup
Deal Type Add-on Acquisition

Target

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.

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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 5 of 5
Sector: Manufacturing M&A 5 of 5
Type: Add-on Acquisition M&A Deals 4 of 4
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 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.

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