Hayward® Industries, inc. acquires majority shareholding in Clevaquip pty., ltd.

Hayward logo Partnership of these two long-time business partners will drive growth in Australia, one of the largest swimming pool markets in the world.

ELIZABETH, N.J., (July 1, 2011) - Hayward Industries, Inc., a global market leader in swimming pool and flow control products, today announces they have completed a transaction acquiring a majority interest in Clevaquip Pty., Ltd. of Melbourne, Australia, a major distributor of swimming pool products in the region.

Robert Davis, president and chief executive officer of Hayward Industries, commented, “We are delighted to formally partner with Clevaquip. During our ten year business partnership with Tony Sharpe, Clevaquip Managing Director, and the rest of his team, we have developed a strong respect and admiration for the way they have successfully represented Hayward Pool Products in the Australian market. We are very pleased that Tony, with over 25 years experience in the Australian pool market, will continue to lead the newly formed entity which will operate as Clevaquip, a Hayward company.”

This transaction supports Hayward’s long term strategic development plan for the Asia/Pacific region which already includes China, India, and Southeast Asia. Leveraging the resources of Hayward’s global business with the relationships and knowledge of the Australian market that Clevaquip has achieved will provide leadership products and enhanced service to dealers and pool owners.

Tony Sharpe has expressed his enthusiasm for the transaction as it will provide a significant opportunity for Clevaquip to grow faster while providing a strong future for his entire team. “I have known Hayward and its management team for over twenty years and am delighted we will be working even closer together. Hayward is a global leader in the pool industry and will bring many positive influences to the Australian market.”

[La Redaction - eurospapoolnews.com - 15/07/2011]

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