In a strategic quest to expand its line of offerings, Fluidra, a worldwide leader in the pool and wellness industry and global manufacturer of equipment and connected solutions, announced it has acquired Taylor Water Technologies LLC, a leading U.S.-based manufacturer of water-testing solutions.
The acquisition values Taylor at $78 million and is expected to increase Fluidra’s earnings per share this year.
Fluidra has enjoyed an excellent year, with sales continuing its strong momentum across all regions in which it operates, tripling its net profit from January to September of this year.
In their third quarter report, Fluidra announced North America as the main growth engine with a 91% growth in sales in the first nine months of 2021, compared to 2020, with the residential sector showing the strongest progress.
After the September 1 acquisition of S.R. Smith, Fluidra projected a yearover- year sales growth of 37% to 42% but raised the 2021 sales growth guidance to 40% and 45% in their third quarter report, released at the end of October. Contributing to the company’s robust growth in the pool and spa marketplace was the March 2021 acquisition of Custom Molded Products.
Now, Taylor, the foremost brand in water testing, joins Fluidra’s family of already distinguished brands, which also include Jandy
® , Polaris
® , and
® , among others.
The addition of Taylor’s highly trusted water-testing kits, strips, and instruments in North America not only broadens Fluidra’s rapidly growing portfolio of pool and spa products and solutions, but also provides an established foundation in water testing from which the company can build with future innovations.
Founded in 1930 and based out of Sparks, Maryland, Taylor is a recognized leader in water-testing kits and reagents in the residential and commercial pool segments. With a catalog of nearly 600 test-kit configurations, their products are carried by more than 400 distributors throughout the U.S., Canada, and Mexico with growing positions outside of North America.
Bruce Brooks, chief executive officer of Fluidra, said that the acquisition of Taylor will greatly enhance the company’s line of offerings.
“Taylor is the most trusted name in water testing within North America, and their expertise, coupled with Fluidra’s track record of delivering new equipment and IoT solutions, will pave the way for future innovations making water management easier for pool professionals and pool owners,” Brooks said.
Taylor will continue to operate independently as a business within Fluidra, and the Taylor team and its base of operations will remain in Maryland.