Oranjewoud and TenCate Thiolon have signed a letter of intent (LOI)
in respect of the takeover of Edel Grass, Genemuiden (The
Netherlands). The transaction is expected to be concluded after the
usual approval procedures and a final study at the beginning of 2008.
Edel Grass is a leading supplier of synthetic turf systems, primarily
for hockey, tennis and football, mainly on the Dutch, Scandinavian,
German, East European and African markets. The company has been
involved in this market since the early years of the development of
synthetic turf.
TenCate
TenCate is market leader in the field of synthetic turf fibres and
carpet backing for sports pitches and landscaping. TenCate has
previously indicated that it is seeking to achieve close cooperation
with companies that supply total solutions with synthetic turf
systems. The cooperation in this joint venture between Edel Grass,
Oranjewoud and TenCate fits in with this ambition to carry out
qualitative improvements using system solutions.
TenCate aspires to achieve the safe practice of sports under the best
possible circumstances. Apart from strategic alliances through share
participations, TenCate endeavours to link up with associates that
are able to play a major role in this quality concept.
A commercial relationship has existed between Edel Grass and TenCate
for many years relating to the supply of synthetic turf fibres and
carpet backing as well as the completion of major synthetic turf
projects. In this way Edel Grass and TenCate are involved in key
projects in the Netherlands, such as those for AFC Ajax, Heracles
Almelo and FC Zwolle.
Oranjewoud
Oranjewoud is one of the leading players in the Netherlands in the
implementation of synthetic turf sports projects, in which the
company aims to adopt a concept approach that will impact positively
on the entire operation of the sports facility.
Oranjewoud will provide Edel Grass with significant operational
support, which will have a positive influence on the company's
further development and growth.
The combination of the companies' know-how and the complementary
character of the partners will produce a player of outstanding
quality on the synthetic turf market with an extensive field of
knowledge. This is considered necessary to be able to accelerate the
introduction of further qualitative improvements to the practice of
sports on synthetic turf, especially in the field of football.
Royal Ten Cate / Oranjewoud
Almelo/ Gouda, 12 December 2007
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For further information:
Royal Ten Cate
Frank Spaan
Head Investor Relations en Corporate Communication
Tel: +31 546 544 338
Mob: +31 6 12 96 17 24
e-mail: f.spaan@tencate.com
www.tencate.com
Oranjewoud
Ir. J. A. Meulman
Director Oranjewoud Realisation
Tel: +31 162 48 72 39
e-mail: jan.meulman@oranjewoud.nl
www.oranjewoud.nl
About Oranjewoud
As leading consulting and contracting engineers Oranjewoud is well
known as a supplier of high quality services in the broad areas of
infrastructure, urban development, construction, nature and
landscaping, environment, safety and preservation, real estate issues
and sports and leisure facility development. Oranjewoud takes care of
the entire process from the planning stage through advice, design and
supervision to realisation, management and operation.
Oranjewoud N.V. is listed at Euronext NV in Amsterdam. 89,45% of it's
shares are owned by Centric B.V.
About TenCate
TenCate is a multinational company which combines textile technology
and chemical processes in developing and manufacturing specialist
materials. TenCate's activities can be divided into four areas of
application: safety and protection, aerospace, sport and recreation,
infrastructure and the environment.
For more information: www.tencate.com
