Jacuzzi Brands acquires Hydropool and BathWraps
Jacuzzi Brands LLC today announced the completion of two acquisitions: Hydropool Hot Tubs and Swim Spas and BathWraps. Hydropool is a leading, global manufacturer and seller of swim spas and hot tubs. BathWraps is a leading supplier of bathware sold through premiere remodeling dealers in the U.S.
“We are extremely excited about the addition of both Hydropool and BathWraps to our existing spa and bath businesses,” said Bob Rowan, CEO Jacuzzi Brands LLC. “Both companies are complementary to our core business and are led by exceptional management teams, which will remain in place as the businesses 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.
BathWraps, manufacturer of acrylic wetspace walls, tubs and showers, changed their brand name from Liners Direct in January of this year. They were established in 1997 in Itasca, Illinois, specializing in custom bath and showers designed for the remodeling market. Jeff Conner, who will continue in his role as President, acquired the company in 2004, having since led the company through a period of tremendous growth.
“These transactions, along with continued support from our equity sponsors Ares Management, Clearlake Capital Group and Apollo Global Management, provide us an excellent platform for continued momentum in the global marketplace,” 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.”