Leslie's To Acquire Pool Supply Company

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Lelie's Poolmart Logo Leslie's Poolmart has announced that it has entered into a definitive agreement to acquire certain business assets of Jasper's Clear Pool Wholesale Co., an Arizona corporation. The acquisition is expected to significantly expand Jasper's and Leslie's commercial business segments in Arizona. Closing of the transaction, anticipated in August 2011, is subject to certain conditions.

Jasper's has been serving the commercial pool supply segment in Arizona for many years, specializing in service to hotels, motels and apartments.

Fred Burkhardt, owner of Jasper's, believes that both organizations will be strengthened by their combined efforts, allowing the company to meet its customers' needs more effectively. "When I decided to expand within the pool supply business, I immediately thought of Leslie's as the perfect company to continue to develop what we've built," said Mr. Burkhardt. "Our General Manager, Robert Thompson and I couldn't be happier for our staff and our customers. Leslie's is an organization with an outstanding record of growth and a leadership team with the highest integrity."

After the acquisition, customers of Jasper's will continue to receive the same services and work with the same people they have in the past, as the sales and service employees at Jasper's will continue on with Leslie's, under the leadership of current General Manager Robert Thompson.

"We've admired Jasper's for many years. The synergies and shared values of our two companies make this acquisition ideal for the company, our employees and our customers," says Larry Hayward, Chief Executive Officer and Chairman of Leslie's. "We are thrilled to have the associates and customers of Jasper's join our team. Combining our efforts allows us to better serve this business segment in Arizona and beyond."

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