Calhoun, GA (PRWEB) March 13, 2008
Sportexe Construction Services, Inc. and ACT Global Sports announced the formation of a partnership for synthetic turf production. Each company will be contributing equipment and technology to the partnership. Capital improvements are also being made to house these new manufacturing operations within the existing Sportexe operations center. Sportexe's equipment contributions are being financed through its recently announced banking relationship with Wells Fargo.
"We are very pleased to continue to expand our investments in the synthetic turf market. Through our partnership with ACT Global Sports, we are creating a state-of-the-art manufacturing and research center," Stephen Noe, CEO of Sportexe said. "While pleased with our current tufting provider, this new partnership will provide us with greater flexibility in our product development and allow us to interact more closely with all our vendors in the supply chain. With this move, we see tremendous opportunity to be more strategically positioned as one of only a few turf installation companies that have control over their turf production. Additionally, this demonstrates our continued commitment to deliver a superior sporting experience and tangible value to our customers."
ACT Global Sports Managing Director John Baize is equally happy with the agreement. "We are pleased to enter into a strategic partnership with Sportexe," Baize said. "We are making significant manufacturing investments in the North American market, so it is valuable to find a partner with such a high reputation for building excellent sports fields."
Sportexe is one of North America's largest installers of artificial turf surfaces for recreational and athletic facilities. Sportexe fields are used by The Baltimore Ravens, New Orleans Saints, San Francisco 49'ers and Buffalo Bills of the National Football League. More than 200 Sportexe fields have been installed at NCAA, NAIA and high school facilities from coast-to-coast. Sportexe is owned by Insight Equity, a Dallas based private equity firm.
ACT Global Sports brings its international reputation and manufacturing expertise to the partnership. While ACT Global Sports is headquartered in Austin, TX, it has regional locations in The Netherlands, Cyprus, Hong Kong and China. The company is one of the largest international artificial turf manufacturers and has ISO 9001 and ISO 14001 quality-certifications.
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