DAYTON,
Tenn., July 15, 2024 /PRNewswire/ -- TenCate
Grass ("TenCate") today announced the acquisition of a majority
stake in The LandTek Group ("LandTek"), the leading provider of
athletic field engineering, construction, project management and
maintenance services on the East Coast from New York to South
Florida. The founders and management team of LandTek will
continue to be substantial shareholders and will also continue to
lead the company.
"This partnership represents a culmination of the full LandTek
team's efforts since I started LandTek in my mother's garage 45
years ago," said Mike Ryan, CEO of
LandTek. "TenCate is the ideal partner with experience,
capabilities and know-how needed to support LandTek's long-term
growth strategy."
Joe Fields, Chief Executive
Officer of TenCate Grass Americas, said: "LandTek has a proven
track record of sustained growth in geographies that have been
underserved by TenCate. We are very excited about the combination
of LandTek's unparalleled customer service and quality with
TenCate's market-leading product portfolio and unparalleled
U.S.-based supply chain."
Raymond James served as financial
advisor to The LandTek Group. Ruskin Moscou Faltischek P.C. served
as legal advisors to LandTek. Burr & Forman and Latham &
Watkins served as legal advisors to TenCate.
About TenCate
TenCate is a leading, vertically
integrated manufacturer, distributor and installer of artificial
turf and other surfaces for Sports, including those for football,
soccer, baseball, softball, field hockey and a variety of smaller
Sports as well as for the rapidly growing Outdoor Living segment.
Headquartered in the Netherlands
with its main manufacturing facilities in the Netherlands, the
United States, and the United Arab
Emirates, the Company serves customers in more than forty
countries. For more information, please visit
www.tencategrass.com.
About The LandTek Group
The LandTek group is a leading
provider of athletic field engineering, construction and project
management services. Based in Bay Shore,
NY, the Company has operations throughout the East Coast
from New York to South Florida. Northeast and Florida. LandTek offers a range of solutions
intended to meet the needs of both municipal and private projects,
including the initial engineering and design process, installation
and continued maintenance services. The vast portfolio of satisfied
LandTek customers provides testimony to the company's capabilities.
For more information, please visit www.landtekgroup.com.
Media Contact
Erica
Rumpke
Director of Marketing, TenCate
513-484-6795
380357@email4pr.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/tencate-acquires-majority-stake-in-the-landtek-group-inc-302197042.html
SOURCE TenCate