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Updated: 11:40 AM Feb 17, 2004
Makers of Astro-Turf Going Out of Business
The makers of AstroTurf have filed for Chapter Eleven bankruptcy protection and reportedly will soon go out of business.
AstroTurf was developed for the Astrodome in 1966 by the Monstanto Company. S-R-I bought AstroTurf Industries in 1994 from the bankrupt Balsam Corporation in Saint Louis.
Posted: 11:40 AM Feb 17, 2004 |
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The makers of AstroTurf have filed for Chapter Eleven bankruptcy protection and reportedly will soon go out of business.
The filing by Southwest Recreational Industries marks the climax of a long decline for the Leander, Texas-based company that once dominated the artificial turf industry.
The bankruptcy casts uncertainty over projects scheduled across the country -- including a turf replacement at the Metrodome in Minneapolis.
In its bankruptcy filing, the Austin-area company says it'll sell two small divisions that make portable sports flooring and equipment for volleyball, gymnastics and basketball.
Otherwise, S-R-I says it'll discontinue business in the next few weeks after it finishes projects already begun.
AstroTurf was developed for the Astrodome in 1966 by the Monstanto Company. S-R-I bought AstroTurf Industries in 1994 from the bankrupt Balsam Corporation in Saint Louis.

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