Fluidra S.A. Acquires Custom Molded Products (CMP) from Tenex Capital Management
March 10, 2021
Fluidra S.A. (BME: FDR) agreed to acquire Custom Molded Products ("CMP"), a Newnan, Georgia-based manufacturer of pool and spa components, from Tenex Capital Management for $245 million. The acquisition expands Fluidra’s product portfolio (sanitizers, white goods, dedicated spa equipment, LED and water/fire features), strengthens its North American operations and was funded with existing cash and debt facilities; Fluidra expects the deal to be accretive to cash EPS from day one.
- Buyers
- Fluidra S.A.
- Targets
- Custom Molded Products (CMP)
- Sellers
- Tenex Capital Management, Tenex Capital Partners II, L.P.
- Industry
- Manufacturing
- Location
- Georgia, United States
- Transaction Type
- Buyout
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