United States, California, Chino Hills - 02/06/2020 (PRDistribution.com)
Jacuzzi Brands Completes Acquisition of Dream Maker and Sunrise Spas
Expands Range of Product Offering
Chino Hills, CA (February 6, 2020) – Jacuzzi Brands LLC (“Jacuzzi Brands”) today announced the completion of its acquisition both of LMI FLA Holdings, Inc. and Leisure Manufacturing Inc., makers of the Dream Maker and Sunrise Spas brands, leaders in the global affordable hot tub market (together, “Leisure Manufacturing”). Leisure Manufacturing is headquartered in Ontario, Canada and manufactures in Lake Mary, Florida and Ontario, Canada. The acquisition allows Jacuzzi Brands to provide the full range of price points in its hot tub offering. With Jacuzzi Brands’ products, retailers will now be able to meet the needs of every person who walks into their showroom.
Chuck Huebner, CEO of Jacuzzi Brands, commented “The addition of the Dream Maker and Sunrise Spas product lines to our existing portfolio of products allows Jacuzzi Brands to enhance the support we provide to our retailers and to improve the quality of life of many new customers seeking to advance their wellness routine and Feel Better™ every day. This acquisition provides us an excellent platform for continued momentum in the global marketplace."
This acquisition is the most recent example of Jacuzzi Brands’ accelerated growth through new products, innovation, product development and research & development. Jacuzzi Brands was acquired by funds affiliated with Investindustrial in 2019. Investindustrial has a long history of investing in the home products and consumer segment with recent investments including Design Holding, a high-end interior design group (combining Flos, B&B Italia and Louis Poulsen brands), Oka, which in 2019 acquired Wisteria in the US, and Neolith, a leading brand in the technical sintered stone sector.
Jacuzzi Brands was advised by Sphaeris Capital, a middle market advisory firm.
Jacuzzi Brands, through its subsidiaries, is a global manufacturer and distributor of branded bath, hot tub, swim spa, pool and sauna products that transform indoor and outdoor living spaces. Backed by 60 years of product engineering, Jacuzzi Brands is committed to creating high-performance products that inspire, enrich and improve people’s lifestyles. Learn more at www.jacuzzi.com.
Investindustrial is a leading European group of independently managed investment, holding and advisory companies with €11 billion of raised fund capital. Investindustrial has a 30-year history of providing mid-market companies capital, industrial expertise, operational focus and global platforms to accelerate value creation and international expansion. Certain companies of the Investindustrial group are authorized by, and subject to regulatory supervision of the FCA in the United Kingdom and the CSSF in Luxembourg. Investindustrial’s investment companies act independently from each other and each Investindustrial fund. Additional information is available at www.investindustrial.com.