Investindustrial, agreement for Jacuzzi

The group of independent investment companies has signed a final agreement for the purchase of Jupiter Holding I Corp., owner of various spa and wellness brands

Arga, Jacuzzi
Arga, Jacuzzi

“We are pleased to welcome Jacuzzi among our high-range brands. Investindustrial has successfully supported companies with iconic brands in the interior design sector.”

Andrea C. Bonomi, Presidente dell’Industrial Advisory Board di Investindustrial
Andrea C. Bonomi, Presidente dell’Industrial Advisory Board di Investindustrial

With these words Andrea C. Bonomi, President of the Industrial Advisory Board of Investindustrial, announces the signing of the final agreement for the purchase of Jupiter Holding I Corp., owner of various brands that produce spas and products for the bathroom and wellness, among them, Jacuzzi.

Jacuzzi Brands is an affirmed company in the high-range spa sector, founded in 1956. In 2018 it had a turnover of 500 million and owns the main European production headquarters in Valvasone, Pordenone.
Investindustrial, instead, has vast experience in the sector of high-range interior furnishing, having invested in companies such as Flos, B&B Italia and Louis Poulsen.

President Bonomi therefore, explains the reasons behind the purchase: “Jacuzzi Brands is a company of the Italian tradition, a brand that is appreciated throughout the world and has a strong management team. We are therefore enthused to be able to contribute to the next phase of development of Jacuzzi Brands. We see strong growth potential and we are working in close contact with the management in order to expand the company in the international markets and through product innovation.”

Jacuzzi Spa
Jacuzzi Spa

Investindustrial, moreover, has invited Nottingham Spirk Design Associates, Inc. to become partner for innovation and product design and to co-invest in the Company as a minority shareholder. The terms of the agreement have not been disclosed, the transaction is subject to approval by the supervisory authorities and it is expected that they will be finalised in the first quarter of 2019.

Jacuzzi Spa&Wellnes
Jacuzzi Spa&Wellnes

Declarations of enthusiasm also from Bob Rowan, CEO of Jacuzzi Brands, who states: “I am extremely happy about the purchase of Jacuzzi Brands by Investindustrial. Their competence in promoting premium brands and the resources of Nottingham Spirk for the innovation of the product, are the perfect marriage for guaranteeing a brilliant future for our customers and employees.”