JACUZZI
Takeover of hot tub manufacturer by UK's Investindustrial
Whirlpool and bathtub manufacturer Jacuzzi (Chino Hills, California / USA; www.jacuzzi.com) is to be taken over by Investindustrial (London / UK; www.investindustrial.com). For an undisclosed amount, the UK investment firm has entered into a definitive agreement to acquire Jacuzzi's parent company, Jupiter Holding (Chino Hills, California / USA). Included in the buy are the other spa and bath products brands that Jupiter Holding operates, such as "Sundance", "Dimension One Spas", "Hydropool", "ThermoSpas" and "BathWraps".

The definitive agreement is with current owners Apollo Global Management, Ares Management and Clearlake Capital, with the transaction scheduled to close in the first quarter of 2019. Investindustrial has invited Nottingham Spirk (Cleveland, Ohio / USA; www.nottinghamspirk.com) to be an innovation and product design partner and buy a minority stake in Jacuzzi.

The hot tub maker was founded by an Italian family in 1956. It operates eight plants in Europe, where its main manufacturing plant is located in Valvasone / Italy, as well as North America and South America. The company generated sales of approximately USD 500m in fiscal 2018.

Investindustrial also owns resins and composites producer Polynt-Reichhold (Bergamo / Italy; www.polynt.it), which makes materials used in the manufacture of whirlpools. The UK-based investment firm was founded by the Milanese family Bonomi.
22.01.2019 Plasteurope.com [241560-0]
Published on 22.01.2019
Jacuzzi: Whirlpool-Produzent vor ‹bernahmeGerman version of this article...

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