The 2020 Mid-Year Economic Update_long

Pool Corp. Acquires Majority Interest in Australian Distributor

Transaction expands Pool Corp.'s global presence into Australia.

Pool Corp. (Nasdaq: POOL), Covington, LA, has acquired a majority interest in Pool Systems Pty. Ltd, a Brisbane-based distributor of swimming pool and spa equipment, accessories and leisure products throughout Australia. As part of this transaction, Pool Systems acquired Niagara Pool Supplies, a Sydney-based distributor of pool products.

The transaction expands Pool’s global presence into Australia.

“We are excited by the opportunities this transaction presents. This is an important investment in the large Australia pool market,” said Manny Perez de la Mesa, POOLCORP’s president and CEO. “Pool Systems has a national presence, broad market penetration and is an established distributor with proven sourcing relationships. Niagara is a longstanding distributor of pool products in New South Wales and its distribution relationships will be a key to our success in this new venture.”

Pool Corp. is a wholesale distributor of swimming pool and related backyard products.

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