Viking Pools, LLC, a division of Latham International, announced today that it has acquired Blue Hawaiian Pools, a leading manufacturer of fiberglass swimming pools.
Roger Erdelac, owner of Blue Hawaiian Pools, said: "I am pleased to be able to ensure that our loyal customers will have ongoing access to the Blue Hawaiian product line. By selling the business to the leader in the industry, I am confident that our customers will benefit from Viking's size, strength, and experience. This industry has been very good to me, but I am planning to retire, and was seeking the right partner to allow me to accomplish my goals."
Blue Hawaiian operates manufacturing plants in Largo, FL and Rocky Mount, NC. Tom Straub, Viking's VP Sales & Marketing said: "Blue Hawaiian is a well regarded competitor, with many quality builders throughout the southeastern and midwestern portions of the U.S. We look forward to offering these customers great service, and industry leading marketing programs. This is a win-win for Blue Hawaiian builders and Viking."
Latham International produces several highly respected brands including: Pacific Pools, Ft. Wayne Pools, Kafko Pools, and Coverstar Autocovers. Mark Laven, Latham's President & CEO, said that he was "very pleased to add Blue Hawaiian to the Company's family of brands. We have made several acquisitions over the course of this past decade, and we’re pleased that Roger turned to us seeking an exit for his business. We restructured our balance sheet last year, and now are once again strong enough to be in a position to get these deals done readily."
Latham International operates 15 locations throughout the U.S. and Canada. In January 2010 it became a portfolio company of Littlejohn & Co., a Greenwich, CT based private equity firm.
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