PoolCorp Buys Australian Distributor

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Pool Corp. has expanded its wholesale pool and backyard equipment business over two decades to include much of North American as well as parts of Europe and South America. Now, the Covington-based company can add Australia to its list.

Pool Corp. said Monday (Aug. 4) that it has purchased a majority interest in Pool Systems Pty Ltd., a swimming pool and spa equipment distributor based in Brisbane, Australia.

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As part of the deal, Mark Joslin, chief financial officer for Pool Corp., said Pool Systems used the proceeds from the purchase to acquire Niagra Pool Supplies, a Sydney, Australia-based distributor of pool products.

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Joslin said the combined deal gives Pool Corp. a "majority interest in what is now the largest distributor in the Australian market, with the opportunity in a few years to increase our ownership to 100 percent."

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Pool Corp. now operates 329 sales centers in the U.S., Canada, Mexico, the Netherlands, the U.K., Portugal, Spain, France, Italy, Belgium and Germany. The company employs 3,400 worldwide.

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