DALTON, GA — Shaw Industries Group, Inc., a subsidiary of Berkshire Hathaway, has acquired Sportexe Construction Services, Inc., a synthetic turf company dedicated to sports surfacing.
Sportexe has provided fields to organizations such as the New York Jets, San Francisco 49ers, Baltimore Ravens, New Orleans Saints, Buffalo Bills, University of Pittsburgh, LSU, University of California, University of Arkansas and many others. Sportexe is also the exclusive or official turf system supplier for The Arena Football League (AFL/AF2), National Lacrosse League (NLL) and the Major Indoor Soccer League (MISL).
“We are very pleased to have Sportexe joining Shaw Industries,” said Vance Bell, Chief Executive Officer of Shaw Industries Group, Inc. “The turf market offers exciting opportunities for us. We intend to be a fully integrated producer from manufacturing through installation. With the combined strengths of these two companies, we look forward to accelerated growth in the synthetic turf market.”
Added Stephen P. Noe, President and CEO of Sportexe Construction Services, Inc., “Joining Shaw will give Sportexe the financial support and resources needed to boost the company to the next playing level. The combined strength of the two companies will allow Sportexe to continue delivering great service to its clients both before the sale, during the installation and throughout the ownership experience. It will also ensure we give athletes the best platform on which to play their game.”
The acquisition will bring together Shaw's current TerraSport sports turf and TerraSoft recreational surfaces' brands, sold under the Spectra Sports Surfaces division, with Sportexe's product offering. In the following weeks, the company will begin executing the planned integration of the two companies' operations, networks and customer care organizations to ensure a smooth transition and immediate value for customers, partners and employees.
Shaw Industries Group, Inc., a subsidiary of Berkshire Hathaway, Inc., is the world's largest carpet manufacturer and a leading floor covering provider with more than $5 billion in annual sales and approximately 26,000 associates. Headquartered in Dalton, Ga., the company manufactures and distributes carpeting, rugs, hardwood, laminate and ceramic tile for residential and commercial applications worldwide.