Zodiac acquired by Rhône

Zodiac Group Pty Ltd

By Alice Richard
Wednesday, 26 October, 2016

Zodiac has been sold to global asset management firm Rhône for an undisclosed sum. The Carlyle Group, Zodiac’s owner, announced the acquisition on 25 October.

The acquisition, which is expected to close promptly, includes the family of Zodiac brands and all 1300 employees worldwide.

“Based on our strong financial performance and growth over the past three years, culminating in a record year in 2016, the timing was right for a new investment from a new partner,” said Bruce Brooks, Zodiac’s CEO.

“We are proud of our company’s achievements working with Carlyle and we are excited about building on our accomplishments with Rhône. Rhône is a great partner for Zodiac and this is excellent news for our employees, customers, vendors and the pool and spa industry.

“We look forward to building on Zodiac’s heritage of excellence to drive ever-greater technological innovation and quality as we work to grow Zodiac’s market share across all of its premium brands.”

Zodiac has made some recent strategic acquisitions, including: SAVI, a US pool and spa lighting company; Pool Resources, an Australian pool chemicals distributor; Two10, a South African pool chemical producer; MagnaPool, an Australian mineral pool systems company; and SET, a German company specialising in pool heating systems.

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