Hayward® Industries Acquires Leading Canadian Pool Heat Pump Manufacturer

10.01.2008

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  Osborn & Barr Communications   314-746-1963
   

To download a French translation of this release, click here.

Elizabeth, N.J. – Hayward Industries, Inc., a market leader in swimming pool and flow control products, today announces the acquisition of Summit Pool Heaters, a major Canadian heat pump manufacturer. Hayward intends to fully integrate the company's product line into its global sales and marketing organizations prior to the start of the 2009 pool season.

According to Robert Davis, president and chief executive officer of Hayward Industries, this most recent acquisition is another concrete example of Hayward's business philosophy of using strategic acquisitions to expand the company's global market presence.

"Our continued assessment of current market conditions and future trends shows a strong potential for pool heat pumps in both new construction and aftermarket pool sales," says Davis. "The addition of Summit's product line offers both dealers and consumers another high quality, energy efficient heating option from Hayward and will help us meet customer demand in the United States, Canada, Europe, and other regions of the world."

Under the ownership of brothers Stephane and Pascal Tailleur, Summit has been manufacturing heat pumps for more than 10 years. Together, they have built a strong reputation across North America for performance, reliability and energy efficiency.

"Our attention to detail and quality control has made Summit a popular choice with dealers across Canada," says Stephane Tailleur, president of Summit. "We are excited to become a part of Hayward and leverage the resources of their strong sales and marketing organizations. Through this merger, we can expand our manufacturing capabilities in Quebec and deliver our product around the world."

According to Davis, both Stephane and Pascal will remain with Hayward Industries in key management roles to ensure a smooth transition in advance of the 2009 pool season. Davis also stated that Summit's product offerings are an ideal complement to Hayward's highly successful pool heating products which include the HeatPro™ heat pump, part of the company's Energy Solutions product line.

About Hayward® Industries
Hayward Pool Products, a division of Hayward Industries, Inc., has been America's first choice in residential swimming pool equipment for more than 40 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, heaters, heat pumps, automatic pool cleaners, controls, colored lighting, valves, vacuum release systems, drain covers and other general pool products for residential and commercial applications.

Another Hayward Industries division, Goldline Controls® offers electronic controls for total pool automation, total pool chemistry management, solar applications and electronic chlorine generators. These products are integral components of the Totally Hayward® System. Goldline Controls is headquartered in North Kingstown, R.I. For more information, visit www.goldlinecontrols.com.

Hayward Industries is headquartered in Elizabeth, N.J. For more information, contact Hayward at (908) 351-5400 or visit www.haywardnet.com.

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