Industry leader adds leading swim spa company to its portfolio.
Chino Hills, CA (June 28, 2017) – Jacuzzi Brands LLC today announced the completion of the acquisition of Hydropool Hot Tubs and Swim Spas (Hydropool). Hydropool is a leading, global manufacturer and seller of swim spas and hot tubs. Terms were not disclosed.
« We are extremely excited about the addition of Hydropool to our existing spa business,” said Bob Rowan, CEO Jacuzzi Brands LLC. “The company is complementary to our core business and is led by an exceptional management team, which will remain in place as the business will continue to operate independently. ».
Established in 1970, Hydropool is regarded as a leading supplier of hot tubs and swim spas around the world, with headquarters and manufacturing in Mississauga, Ontario. David Jackson, a 22-year veteran with Hydropool, will continue in his role as President of Hydropool.
« We are pleased to become part of the Jacuzzi family,” said David Jackson, President, Hydropool Hot Tubs and Swim Spas. “By combining forces with Jacuzzi, we will be able move even faster to further unlock our significant growth potential. Jacuzzi and Hydropool have much in common, especially our passion for building products consumers love and our strong commitment to the success of our retailers. We are very grateful for our dedicated employees and valued customers who will continue to be vital to our success ».
« This transaction provides excellent opportunities to leverage growth from the combined strengths of Jacuzzi and Hydropool,” stated Rowan. “Further, none of this would be possible without the continued support of our employees, customers and suppliers, who continue to believe in the strength of our brands and our tremendous growth potential ».
Jacuzzi was advised by Sphaeris Capital Management LLC, a specialist in middle market mergers and acquisitions, add-on acquisitions programs, and proprietary investments internationally.
About Jacuzzi Brands LLC
Jacuzzi Brands LLC, through its subsidiaries, is a global manufacturer and distributor of branded bath and spa products. These include whirlpool baths, spas and spa accessories, showers, saunas, bathtubs, water care supplies and other plumbing products. Our products are marketed under a portfolio of brand names, including JACUZZI®, SUNDANCE®, THERMOSPAS®, DIMENSION ONE SPAS®, HYDROPOOL® and BATHWRAPS®.
Hydropool originally started as a commercial swimming pool company in 1970 and in 1978
became one of the first hot tub retailers in North America. Hydropool has grown to be the largest hot tub manufacturer outside of the USA and the second largest portable Swim Spa
Manufacturer globally. Our products are now sold through retail partners in more than 50
countries under the Hydropool and La-Z-Boy Hot Tub brands.
To learn more, visit www.hydropoolhottubs.com.