Jacuzzi Brands LLC (“Jacuzzi Group”) has entered into an agreement to purchase Vortex Leisure Pty Ltd and its subsidiaries (together, “Vortex”), a leading spa retailer in the Australasian region. Vortex is headquartered in Nelson, New Zealand and has 15 retail stores around Australia and New Zealand under the Spa World brand. The acquisition will allow Jacuzzi Group to further expand its geographic reach in the world’s third largest spa market, while also significantly expanding its global retail presence. This acquisition also provides Jacuzzi Group access to the popular Vortex and Fisher brands of products.
Dave Jackson, CEO of Jacuzzi Group, says: “We are excited to be partnering with the entire Vortex team and welcome them to Jacuzzi Group family. We know that our combined expertise will provide a win-win situation for both businesses and, most importantly, our customers.”
Andrew Pullen, CEO of Vortex, says: “We are overjoyed to be joining the Jacuzzi Group. It is quite humbling to be acquired by the ‘name that started it all’. I am confident that our combined reach and know-how will ensure our future stability and prosperity, as we move into a new era of business development.”
