Former Old Tom Morris Award recipient Annika Sorenstam, 10-time major winner and part owner of Capillary Concrete, has purchased a 50 percent stake in the company, significantly increasing her financial commitment.
An investor since January 2015, Sorenstam officially acquired her additional shares last week from Almi, a Swedish venture capital firm.
Founded in 2012 by Martin Sternberg, CGCS, Capillary Concrete is a bunker-liner product that the company says is easy to apply, homogeneous and features exceptional strength and durability. The system’s capillary properties keep bunker moisture levels consistent and playable. At the same time, it promotes improved drainage to ensure sand remains in place after rain, avoiding costly washouts even on severely flashed bunker faces. The system has also exhibited stellar results when it comes to reducing irrigation of turfed areas. Water savings of up to 90 percent and improved plant quality have been documented.
More than 2,000 bunkers worldwide have had Capillary Concrete’s patented system installed. They include major championship venues like the Olympic Club (Calif.), Atlanta Athletic Club (Ga.) and Riviera C.C. (Calif.), as well as Ryder Cup hosts Gleneagles (Scotland) and Le Golf National (France).
“Capillary Concrete saves courses time and money when it comes to maintenance of bunkers and surrounding turf,” says Sorenstam, the 2014 Old Tom Morris Award recipient who has designed courses on three continents. “Even more impressively, it improves course conditioning in an environmentally-friendly manner, something that’s especially important to the game’s continued growth.”
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