Jacuzzi Group Worldwide, parent company of Jacuzzi Hot Tubs® and Sundance® Spas in Chino, Calif., has acquired the assets of ThermoSpas,® a manufacturer and retailer of hot tubs in Wallingford, Conn.
Although full terms of the deal have not been disclosed, the acquisition will see Jacuzzi Group Worldwide welcome ThermoSpas’ employees, suppliers and hot tub owners under its corporate umbrella. The company will continue to operate independently of Jacuzzi and Sundance, and Andy Tournas, who founded ThermoSpas in 1983, will continue to serve as president.
“I am personally thrilled to enter this new chapter for ThermoSpas under the ownership of Jacuzzi Group Worldwide,” said Tournas. “Their expertise and resources will enable ThermoSpas to provide outstanding service to our customer base.”
“ThermoSpas’ ability to generate interest in the hot tub category combined with a cutting-edge system of managing leads will prove to be a significant benefit to our network of Jacuzzi and Sundance dealers and our corporation,” added Bob Rowan, president of Jacuzzi North America.
