SLG, the Limonta family and Limonta Sport management have signed an agreement for the acquisition of Limonta Sport whereby the Limonta family and Limonta Sport management will become shareholders of SLG alongside SLG management and Chequers Capital, controlling shareholder of the group. Mr Paolo Limonta, currently executive chairman of Limonta Sport, will join SLG’s board.

Both companies will continue to serve their customers independently and develop autonomously their respective growth plans , under the supervision of Sports and Leisure Group CEO John Penninck.

The Limonta family has been advised by K Finance (Clairfield Italy) and Hi.lex.

Sports and Leisure Group has been advised by Gianni, Origoni, Grippo, Cappelli & Partners, Allen & Overy and KPMG.

SLG, acquired by SLG management and Chequers Capital in June 2017, is a Belgian group specialized in the development, production and sale of artificial turf for sports and leisure applications with a turnover of about Euro 60 million. The company is active through its own brands ‘Domo Sports Grass’, ‘Fungrass’ and ‘Namgrass’. SLG headquarters are based in Sint-Niklaas (Belgium) where it operates one of the world largest artificial turf production facilities.

Limonta Sport, owned by the Limonta family, is a leading company in the development, manufacturing and sales of artificial sports grass for sports applications with a turnover of more than Euro 50 million and an Ebitda over 20%. Limonta Sport is operating manufacturing facilities in Cologno Al Serio (Italy), Ascuncion (Paraguay) and Huizhou (China).