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New Deal


Announced

Fluidra to acquire Custom Molded Products from Tenex for $245m.

Financials

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Transaction Value£176m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Building Materials: Other

pool and spa components

Acquisition

Pending

United States

Majority

Private

Single Bidder

Domestic

Friendly

Synopsis

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Fluidra, the Spanish listed global leader in pool and wellness equipment and connected solutions, agreed to acquire Custom Molded Products, a Georgia-based manufacturer of pool and spa components, from private equity firm Tenex for $245m. With this acquisition, Fluidra will rapidly expand its offering in several strategic growth categories, such as fast-growing alternative sanitizers, white goods to support its Jandy equipment range and dedicated spa equipment, a substantial adjacent segment and opportunity for the company.

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