Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Water Pik Acquires Air Energy Heat Pumps
Jun 4, 2003
 Printable format
 Email this Article
 Search
Personal care products maker Water Pik Technologies, Inc. announced on Tuesday that it has acquired the assets of Air Energy Heat Pumps, Inc. and affiliates (Air Energy), a privately held manufacturing company located in Ft. Lauderdale, FL, U.S. Air Energy is a manufacturer of premium-branded heat pumps for swimming pools and spas with sales of U.S. $13 million for the previous 12 months.

Water Pik paid $8.1 million plus a contingent future payment of up to $1.0 million that is based upon 2003 financial performance. Water Pik anticipates the acquisition will be accretive to earnings in the first full year of ownership.

"A major strategic objective for our pool business has been to accelerate sales and profit growth through the development of a more comprehensive package of pool equipment and accessories," said Water Pik Technologies' CEO Michael P. Hoopis. "The acquisition of Air Energy not only adds the premier brand of heat pumps to our product line, but also gives us a more significant market position in regions of the country where heat pumps are the preferred technology to heat pools and spas."

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows