WORLD LEADER IN CONSTRUCTION MATS WITH OVER 89 LOCATIONS

Spartan Composites Acquires FODS

Spartan Composites LLC announces the recent acquisition of the strategic assets of FODS LLC.
This transaction brings together two innovative and fast-growing players in the composite matting
industry. Spartan Composites, known for its expertise in engineering and manufacturing advanced
composite access mats, has furthered its goal of expanding its product portfolio and market reach
through this acquisition.

Based in Colorado, FODS LLC, is the leading provider of innovative and patented construction
trackout control systems. FODS has developed a robust global market for its patented composite
FODS Mat designed to prevent sediment and debris from leaving construction sites in order to assist
contractors with their SWPPP compliance. In the U.S. market alone, FODS has stocking distribution
partners in all 50 states.

Jeff Juergens, President of Spartan Composites believes “the synergies between Spartan
Composites and FODS are very strong, as evidenced by our joint manufacturing facility,
complimentary customer base, shared commitment to cutting-edge technologies and sustainable
practices.” Spartan Composites’ extensive experience in composite material manufacturing positions
them strongly to enhance the production efficiency of FODS’ trackout control systems, ensuring a
seamless integration of their respective technologies. This collaboration lays the foundation to yield
innovative solutions to address the evolving needs of the construction industry, in the near future and
beyond.

From a market perspective, this acquisition provides Spartan Composites with a competitive edge by
diversifying its offerings. FODS brings an established customer base with a powerful distributor
network. FODS also possesses an excellent reputation for top tier customer service. FODS position
as the market leader in the reusable trackout control space opens up new avenues for Spartan
Composites to continue to grow. By combining forces, the combined entity aims to capitalize on
emerging opportunities in the construction and environmental sectors, presenting a comprehensive
suite of products and services to clients globally.

The leadership teams of Spartan Composites and FODS are confident about the future of continued
growth and customer focus. The integration process will involve leveraging each other’s strengths,
streamlining operations and fostering a collaborative culture. The pooling of resources and expertise
will enhance research and development capabilities, resulting in the creation of next-generation
products that set industry benchmarks.

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