ATLANTA, May 9, 2014 /PRNewswire/ -- TenCate Grass and FieldTurf, a Tarkett Sports Company, have settled lawsuits filed against each other in the federal district court in Atlanta, USA. FieldTurf filed a lawsuit in March of 2011 against certain TenCate companies, which filed counterclaims against FieldTurf.
The disputes between the parties primarily related to fiber supplies for sports surfaces from Mattex Leisure Industries to FieldTurf initiated in 2003. TenCate acquired the assets related to the artificial grass business from Mattex in 2007. Both lawsuits were resolved by the settlement.
The settlement was reached during the second week of jury trial in the federal district court in Atlanta. FieldTurf and TenCate are pleased to have resolved these legal disputes with finality so that they can each focus efforts on moving their businesses forward.
TenCate Grass USA / FieldTurf
Union City, USA / Montreal, Canada, Friday, May 9 2014
TenCate Grass (TenCate) is the leading global provider of components and technology for artificial turf for sports and landscaping applications. TenCate Grass is a subsidiary of Royal TenCate, a multinational company that combines material technology with chemical processes in the development and production of functional materials with distinctive characteristics, with the mission of 'Protecting People'. Systems and materials from TenCate come under six end markets: personal protection; defence; mobility; infrastructure; water management; sport and recreation. TenCate occupies leading positions in protective fabrics, composites for aerospace, antiballistics, geosynthetics and synthetic turf. Royal TenCate is listed on NYSE Euronext Amsterdam and included in the AMX index.
FieldTurf is part of Tarkett Sports, a Division of the Tarkett Group. Tarkett Sports is the largest entity in the sports and landscape surfacing industries. Included within the Tarkett Sports portfolio is an impressive range of performance sports flooring products. This product range includes: synthetic and hardwood basketball; volleyball and gymnasium flooring; squash and racquetball courts; floor protection and covering systems; weight room flooring; and high performance indoor and outdoor running tracks, featuring Beynon track surfaces. For more information, please visit: FieldTurf Artificial Grass & Synthetic Turf Products.
SOURCE TenCate Grass
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