Jacuzzi Continues on its Acquisition Track
CHINO, CA–(Marketwire – May 31, 2012) – Jacuzzi Group Worldwide, parent company to both Jacuzzi® Hot Tubs and Sundance® Spas, announces today that an affiliated company has acquired the assets of ThermoSpas®. ThermoSpas is a manufacturer and seller of hot tubs, which began operations in 1983.
“We are very pleased to welcome ThermoSpas’ employees, suppliers and spa owners to the Jacuzzi Group family,” said Bob Rowan, president of Jacuzzi North America. “ThermoSpas’ ability to generate interest in the hot tub category combined with a cutting-edge system of managing leads will prove to be a significant benefit to our network of Jacuzzi and Sundance dealers and our corporation. Additionally, ThermoSpas’ reputation for innovative, great quality products makes them a great fit with our current business.”
President Andy Tournas in 1983 founded ThermoSpas, based in Wallingford, Conn. The company will continue operating independently of the Jacuzzi and Sundance organizations, with Tournas serving as president.
“I am personally thrilled to enter this new chapter for ThermoSpas under the ownership of Jacuzzi Group Worldwide,” said Tournas. “Their expertise and resources will enable ThermoSpas to provide outstanding service to our customer base, and I’m certain that ThermoSpas will provide some significant enhancements to the Jacuzzi and Sundance businesses.”
About Jacuzzi Group Worldwide
Jacuzzi Group Worldwide is a leading global producer of branded hot tub and bath products for residential, commercial and institutional markets. Its products include hot tubs, whirlpool baths, air baths, soaking baths, showers, sink and toilet suites and are marketed under a widely recognized portfolio of famous brand names, including JACUZZI® and SUNDANCE®. For more information, visit jacuzzi.com.