Jacuzzi Brands LLC, a manufacturer and distributor of branded hot tubs has acquired Hydropool Hot Tubs and Swim Spas which has headquarters and manufacturing in Mississauga, Ont.
The company also completed the purchase of BathWraps, a supplier of bathware sold through remodeling dealers in the U.S.
“We are extremely excited about the addition of Hydropool and BathWraps to our existing spa and bath businesses,” said Jacuzzi Brands CEO, Bob Rowan. “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 distributes its hot tubs and swim spas worldwide. David Jackson, a 22-year veteran with the company, will continue in his role as the company’s president.
BathWraps, a manufacturer of acrylic wetspace walls, tubs and showers, recently changed its brand name from Liners Direct in January. The company, established in 1997 in Itasca, Ill., specializes in custom bath and showers designed for the remodelling market. Jeff Conner, who will remain the company’s president, acquired the company in 2004.
“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,” said Rowan.