Announced
Financials
Sources
Tags
Acquisition
Pending
Majority
Private
Specialty Retailers
Cross Border
Single Bidder
spa retailer
Australia
Friendly
Synopsis
Jacuzzi Brands, a global manufacturer and distributor of branded baths, hot tubs, pools, saunas and, formerly, aircraft, agreed to acquire Vortex Leisure, a Nelson spa-pool company. Financial terms were not disclosed. "In many countries, Jacuzzi is the generic name for spa strong brand proposition and prominence. We can utilise everything that they bring to continue to grow us in our home markets but we also have a combined desire to push out into Asia," Andrew Pullen, Vortex Managing Director.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.