HAYWARD® INDUSTRIES, INC. ACQUIRES MAJORITY SHAREHOLDING IN CLEVAQUIP PTY., LTD.
Partnership of these two long-time business partners will drive growth in Australia, one of the largest swimming pool markets in the world.
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ELIZABETH, NJ (July 8, 2011) — Hayward® Industries, Inc., a global market leader in swimming pool and flow control products, today announces they have completed a transaction acquiring a majority interest in Clevaquip Pty., Ltd. of Melbourne, Australia, a major distributor of swimming pool products in the region.
Robert Davis, president and chief executive officer of Hayward Industries, commented, “We are delighted to formally partner with Clevaquip. During our ten year business partnership with Tony Sharpe, Clevaquip Managing Director, and the rest of his team, we have developed a strong respect and admiration for the way they have successfully represented Hayward Pool Products in the Australian market. We are very pleased that Tony, with over 25 years experience in the Australian pool market, will continue to lead the newly formed entity which will operate as Clevaquip, a Hayward company.”
This transaction supports Hayward’s long term strategic development plan for the Asia/Pacific region which already includes China, India, and Southeast Asia. Leveraging the resources of Hayward’s global business with the relationships and knowledge of the Australian market that Clevaquip has achieved will provide leadership products and enhanced service to dealers and pool owners.
Tony Sharpe has expressed his enthusiasm for the transaction as it will provide a significant opportunity for Clevaquip to grow faster while providing a strong future for his entire team. “I have known Hayward and its management team for over twenty years and am delighted we will be working even closer together. Hayward is a global leader in the pool industry and will bring many positive influences to the Australian market.”
About Hayward Industries, Inc.
Hayward has been the global leader in the development and marketing of swimming pool equipment for both residential and commercial applications for almost fifty years. The company markets the Totally Hayward® System of advanced pool equipment to help address some of the challenges faced by many pool owners such as safety, energy efficiency and maintenance time and costs. The company’s diverse product line includes; pumps, filters, gas heaters, heat pumps, automatic pool cleaners, electronic chlorine generators, controls, chemical automation systems, LED colored lighting, valves, vacuum release systems, drain covers and other general pool products for residential and commercial applications.
Another Hayward Industries division, Hayward Flow Control serves industrial and commercial markets requiring robust, state of the art control products for managing a diverse group of liquids in process industries.
Hayward Industries is headquartered in Elizabeth, N.J. For more information, contact Hayward at (908) 351-5400 or visit www.haywardindustries.com