Latham Group, Inc., the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, announced that it acquired Radiant Pools for approximately $90 million.
The acquisition expands Latham’s product portfolio into vinyl-lined, aluminum-walled swimming pools.
Based in Albany, New York, Radiant Pools was formed in 2005 following its acquisition of Trojan Pools, who invented the vinyl-lined, aluminum-walled category in 1957.
Radiant Pools uses patented technology, derived from aerospace engineering, to make structurally insulated wall panels, which makes its products a durable and aesthetically-pleasing option for homeowners.
Vinyl-lined, aluminum-walled pools can be installed fully inground or fully above-ground, depending on homeowner needs.
They can also be installed on slopes and be partially in-ground and partially above-ground.
“Radiant Pools is an excellent addition to Latham’s product portfolio since it complements our existing business and enables us to expand our addressable market,” said Scott Rajeski, president and CEO of Latham. “Radiant Pools primarily serves the Northeastern U.S., giving us the opportunity to roll its outstanding products across North America in partnership with Latham’s industry-leading dealer network."
“Radiant Pools pioneered the vinyl-lined, aluminum-walled swimming pools category with a premium quality product. Latham has been a long-standing partner of ours, and we share a dedication to providing superior products to dealers and homeowners,” added Tony Sirco, president of Radiant Pools. “As part of the Latham family, we believe that we can accelerate our strong growth, and we look forward to a bright future together.”
Radiant Pools generates approximately $35 million in annual sales.