We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.

logo
  • Engineers & Specifiers
  • Contractors & Installers
  • Wholesalers & Distributors
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Free Subscription
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • PRODUCTS
    • Bath & Kitchen
    • Fire Protection
    • HVAC
    • Hydronics/Radiant
    • Plumbing
    • PVF
    • Tools
  • PROJECTS
    • Commercial
    • Green Building
    • MRO/Retrofit
    • Remodeling
    • Residential
  • HOW TO
    • Design
    • Fire Protection
    • Legal Matters
    • Management
  • BUSINESS
    • Buying Groups
    • Technology
    • Associations
  • CODES & STANDARDS
    • ANSI
    • ASHRAE
    • ASSE
    • Regulations
    • Green Building
    • IAPMO
    • ICC
    • NFPA
  • RESOURCES
    • Media Kit
    • Advertise
    • Contact Us
    • Classifieds
    • Digital Editions
    • Behind the Wall
    • Webinars
  • BUYER'S GUIDE
  • DIGITAL EDITIONS
Home » Investindustrial to Acquire Jacuzzi Brands

Investindustrial to Acquire Jacuzzi Brands

January 18, 2019
No Comments
Investindustrial to Acquire Jacuzzi Brands

An investment subsidiary of Investindustrial VI L.P. (“Investindustrial”) has entered into a definitive agreement to acquire Jupiter Holding I Corp. (“Jacuzzi Brands” or “the Company”), owner of several spa and bath products brands, among them Jacuzzi, from investment funds affiliated with each of Apollo Global Management, LLC, Ares Management Corporation, and Clearlake Capital Group, L.P. Investindustrial has invited Nottingham Spirk Design Associates (“Nottingham Spirk”) to be a business innovation and product design partner and to co-invest in the Company as a minority shareholder.

Terms of the transaction have not been disclosed. The transaction is subject to customary regulatory approval and is expected to close in the first quarter of 2019.

Jacuzzi Brands is a global manufacturer of premium spas, swim spas, whirlpool, soaker and walk-in bathtubs and related bathroom products and accessories. The Company believes that "when we feel good, we live a better life." It operates under multiple brands, including Jacuzzi, Sundance, Dimension One Spas, Hydropool, ThermoSpas and BathWraps. The Company’s flagship brand, Jacuzzi, is the most recognized in the world for spa and hydrotherapy bathing.

Jacuzzi Brands, founded in 1956 by an Italian family, is the clear European market leader and is the co-leader in the U.S. spa sector. The Company generated revenues of approximately $500 million in fiscal year 2018, operates eight facilities across North America, Europe and South America with more than 1 million square feet of manufacturing space and has its main European manufacturing facility in northeastern Italy.

“I am extremely happy about the acquisition of Jacuzzi Brands by Investindustrial," said Bob Rowan, CEO of Jacuzzi Brands. "Their expertise in growing premium brands, combined with the product development resources of Nottingham Spirk, makes this a perfect match to ensure a bright future for our valued customers and dedicated employees.”

Investindustrial has experience in the high end of the home products segment through its investments in Flos, B&B Italia and Louis Poulsen. Jacuzzi Brands will have access to Investindustrial’s relationships, including world-class designers, to accelerate the Company’s growth through innovation, product development, and research and development. Investindustrial will support each of the Company’s brands to increase awareness and dealer leads.

"We are delighted to welcome Jacuzzi to join our portfolio of investments in premium brands," said Andrea C. Bonomi, Investindustrial’s chairman of the industrial advisory board. "Investindustrial has enjoyed success in supporting businesses with iconic brands operating in the home design sector. Jacuzzi Brands is a company with Italian heritage and is a globally recognized brand with a quality management team. We are excited about the opportunity to contribute to Jacuzzi Brands' next phase of development. We see significant untapped potential and will work closely with management to grow the business through product innovation and an expansion of the Company’s footprint.”

Investindustrial has designated Charles “Chuck” Huebner as the incoming executive chairman of Jacuzzi Brands. Most recently, Huebner was CEO of Dacor, which designs, manufactures and markets a full range of premium kitchen appliances.

"Investindustrial’s success in supporting management teams and building premium brands will be crucial in consolidating our presence in North America and Europe and expanding into new markets; Nottingham Spirk will help the Company develop innovative new products that best meet consumer needs," said Huebner. "Our new ownership will provide significant resources to invest behind our dealer partners with new marketing programs.”

Bath & Kitchen Business Industry Community News Wholesalers & Distributors
  • Related Articles

    Anvil and Smith-Cooper International Acquire ABZ and Quadrant Valve Brands

    Paulo Jacuzzi promoted to CEO of Jason International

    Threshold Brands Adds Plumbing Heating Paramedics to Growing Family of Brands

  • Related Products

    Directory Listing - Premium

  • Related Directories

    Jacuzzi Brands

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular

  • GE Appliances Opens $70 Million High-Tech Water Heater Manufacturing Plant in Camden, South Carolina

  • Kohler Co. Announces Completion of Plumbing Products Warehouse

  • ‘Three-quarters of our work is steam. We never leave Brooklyn.’

  • Women in PHCP 2022

Featured Video

Ge video 2

GE Appliances opens new plant in Camden, SC

Industry Events

  • 06Jun

    NFPA Conference & Expo 2022

    Boston , MA
  • 07Jun

    2022 NCWA Convention

    Columbus, OH
  • 13Jun

    PVF Roundtable Golf Tournament

    TX
More Events

Subscribe to our newsletters & stay updated

Subscribe & Learn More

  • Tw05 2022 cover
    Learn More
  • Pe05 2022 cover
    Learn More
  • Phc05 2022 cover
    Learn More
  • Es07 2020
    Learn More
Subscribe

More from PHCP Pros

  • Editorial Team
  • Home
  • Contact Us
  • About
  • Advertise

Follow Us

© 2022 All Rights Reserved

Design, CMS, Hosting & Web Development | ePublishing