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Master Spas exec inducted into business hall of fame

Master Spas executives from left to right: Mike Rees, vice-president of manufacturing, Nathan Coelho, vice-president of engineering, Sam Badiac, vice-president, Bob Lauter, CEO, Terry Valmassoi, president, and Kevin Richards, vice-president of marketing and sales.
Master Spas executives from left to right: Mike Rees, vice-president of manufacturing, Nathan Coelho, vice-president of engineering, Sam Badiac, vice-president, Bob Lauter, CEO, Terry Valmassoi, president, and Kevin Richards, vice-president of marketing and sales.

Master Spas’ founder and CEO, Bob Lauter, was recently inducted into Indiana’s Greater Fort Wayne Business Hall of Fame at the Junior Achievement BEL (Business Education Leadership) Awards.

Established in 1984, the hall of fame recognizes the giants of business and industry for their outstanding contribution to their industry, business, and community.

“I’m honoured to be recognized by such an inspiring organization and to be included alongside some of the best business leaders in our community,” said Lauter. “I believe the work Junior Achievement does to foster the next generation of entrepreneurs is incredibly impactful, so to be recognized by them is really special.”

After many years in the pool and spa industry, in 1996, Lauter led the group that acquired the spa division of Fort Wayne Pools and launched Master Spas with the introduction of its Legend Series hot tubs. Thanks to the success of this hot tub series, it spurred the development of the company’s nationwide dealer network, which today is now worldwide.

With Lauter at the helm, Master Spas’ commitment to innovation and quality has helped the manufacturer become one of the pioneer manufacturers in the hot tub industry in its use of waterline fibre-optic lighting, hot tub theatre systems, and the introduction of Michael Phelps Signature Swim Spas.

“Bob exemplifies the attributes of a true entrepreneur,” said Lena Yarian, president of Junior Achievement of northern Indiana. “He was willing to take a risk, and through innovation, perseverance, and hard work, he built a successful business.

“He truly values his team and recognizes the importance they have played in the company’s success. At the same time, he has made it a priority to give back to youth by working with his dealers to help build a new elementary school in Jamaica.”

In 2010, Master Spas started the NAZ Project to fund the construction of an elementary school in Jamaica for the NAZ Children’s Centre. Today, Master Spas continues its support and is now funding the development of a high school on the same campus. In Fort Wayne, Ind., the company supports local youth through numerous programs, as well as an internship program for local high school graduates and college students.

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