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 √úbernahmeGerman version of this article...

© 2001-2020 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2020 by Plasteurope.com, Bad Homburg
Date of print: 29.05.2020 19:52:52   (Ref: 163185935)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp