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For Immediate Release
February 1, 2008
For More Information Contact:
David Nibler; Vice President, Marketing
800-227-1442, extension 278
dnibler@jandy.com
JANDY POOL PRODUCTS, INC. ACQUIRES COVER-POOLS INCORPORATED.
Moorpark, California - Jandy Pool Products, Inc., a member of the The Carlyle Group portfolio of companies, announced today that it has purchased Cover-Pools Incorporated (“Cover-Pools”), a leading manufacturer and innovator of automatic swimming pool cover systems. Cover-Pools is headquartered in Salt Lake City, Utah and has offices in Phoenix, AZ, Tucson, AZ and Anaheim, CA.
“This announcement further exemplifies The Carlyle Group’s continued commitment to the pool industry and their goal to grow our company,” stated Jandy and Zodiac Pool Care North America CEO, Bob Rasp.
“The addition of Cover-Pools to our recently combined Jandy and Zodiac Pool Care companies provides us the capability to better serve our customers’ needs in a growing and attractive product category,” continued Rasp. “Cover-Pools has a rich heritage of customer service and innovative, high-quality products dating back to Joe Lamb’s creation of the automatic pool cover category in 1958 and his eventual founding of Cover-Pools in 1962. Rick Clark and Kelly Ragsdale, co-owners of Cover-Pools since 1989, have agreed to stay with the company in their same management capacity to ensure the consistency of leadership and continued growth of the company. We are extremely pleased with this acquisition, and that both Rick and Kelly are joining our senior management team.”
“When Jandy approached us to inquire about our plans with Cover-Pools, we were surprised and pleased that they held our company in such high esteem. At the time, we did not have any plans to sell the business, but felt that Jandy and Cover-Pools shared similar management philosophies and would be a good fit for our Cover-Pools customers and employees,” stated Rick Clark, President of Cover-Pools. “We are pleased with this merger and look forward to working with all the employees of Jandy and Zodiac Pool Care.”
“Automatic pool covers satisfy two of the primary concerns related to pool ownership. They increase pool safety and help to protect the environment by reducing energy usage and water and chemical consumption. This is part of our overall strategy of providing technologically advanced, environmentally sound products,” says Vance Gillette, Executive Vice President of Sales & Marketing. “This will also allow us to serve pool professionals and pool owners more effectively, in that they can satisfy all of their pool equipment needs from one manufacturer.”
“Cover-Pools is the originator of automatic covers and the most experienced manufacturer in this category,” said David Nibler, Vice President of Marketing. “Combining our other market leading products with the most innovative pool covers presents a great opportunity. This is one more step toward providing pool owners with the most energy efficient and easy to operate pools, and the peace of mind to enjoy them.”
Zodiac Pool Care, North America, including Jandy Pool Products, Inc. is headquartered in Moorpark, California and is a leading developer, manufacturer and marketer of automatic pool cleaners, pumps, filters, heaters, heat pumps, electronic controls, valves, water features, lighting, sanitization systems and accessories for swimming pools and spas. The Zodiac®, Jandy® and Polaris® brands of pool and spa products are sold to distributors, pool builders, dealers and specialty pool retailers worldwide. Consumers can find additional information about Zodiac®, Jandy® and Polaris® products by consulting their local pool builders, retailers and service companies or by visiting www.zodiacpoolcare.com and www.jandy.com.
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