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JUNE 2017

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Golden Coast
LATEST NEWS
JacuzziHydropoolLogos
Jacuzzi Brands LLC Acquires Hydropool
Jacuzzi Brands LLC have announced the completion of the acquisition of Hydropool Hot Tubs and Swim Spas (Hydropool), a leading global manufacturer and seller of swim spas and hot tubs. Terms of the acquisition were not disclosed.

"We are extremely excited about the addition of Hydropool to our existing spa business," said Bob Rowan, CEO of 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."

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Established in 1970, 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. The company 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," he said. "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."

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"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.

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®.

For more information about Jacuzzi call 0113 272 7430 or visit www.jacuzzi.co.uk





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