Fluidra S.A. acquired Custom Molded Products, a Georgia-based manufacturer of pool and spa components, from Tenex Capital Management, L.P.
CMP is a supplier of solutions for the recreational water industry with a portfolio of brands such as DEL, Brilliant Wonders, SpaMASTER and Bobé.
Headquartered in Newnan, Georgia, CMP operates manufacturing and distribution facilities from multiple locations in the U.S. and China.
CMP’s products are supported by distributors and OEMs in the U.S., Canada, Latin America, Europe, Australia and the Middle East.
The acquisition was valued at $245 million and was fully settled at closing with existing cash and debt facilities.
“CMP is a great fit—commercially, operationally and culturally—and a valuable extension to Fluidra’s existing North American operation,” said Bruce Brooks, CEO of Fluidra. “This acquisition allows us to expand our product portfolio in strategic areas to better meet customer demand, as well as by entering the new spa OEM market. We intend to draw from our Fluidra-Zodiac integration expertise to successfully achieve the numerous synergies identified.”
