Montreal, Quebec, September 16, 2005--The agreement between FieldTurf and Tarkett Sports has now been completed. The integration of two largest sports surfacing companies has resulted in the creation of a single entity called FieldTurf Tarkett.
The announcement was made jointly by FieldTurf CEO John Gilman and Tarkett CEO Marc Assa.
Gilman will head up the new company as the firm's worldwide operations and manufacturing responsibilities will be consolidated and run out of FieldTurf's Montreal headquarters.
"When we began this relationship early in 2004, we realized the value of the FieldTurf brand and patents," said Assa. "We increased our stake in the company as we recognized the success of John's extraordinary marketing team whose efforts will now be geared toward increasing worldwide market share through our combined distribution network."
"The new FieldTurf Tarkett company will have total revenues of more than US $225 million," said Gilman. "These increased resources will aid us in developing more efficient supply and installation ability. We can continue to grow our Intellectual Property portfolio and have greater resources to protect against infringement of our patents."
