COVINGTON, La. (August 1, 2000) – SCP Pool Corporation (“SCP” or the “Company”) (Nasdaq/NM:POOL) today announced that it has completed the purchase of substantially all of the assets of Superior Pool Products, Inc. (“Superior”), a distributor of swimming pool equipment, parts and supplies, previously operated as a subsidiary of Arch Chemicals, Inc. (NYSE:NM/ARJ). Superior distributes through a network of 19 service centers in California, Arizona and Nevada.
W.B. Sexton, Chairman, commented, “The acquisition of Superior represents an attractive investment for SCP and it furthers SCP’s position as the leading distributor in the swimming pool industry.”
“This transaction extends our established strategy of complementing the Company’s ongoing internal growth through the purchase of additional service centers. Superior generated net sales of $80 plus million in 1999. These service centers complement SCP’s existing service centers in California, Arizona and Nevada, enhancing our combined service capability,” commented Manuel Perez de la Mesa, President.
SCP Pool Corporation is the largest independent distributor of swimming pool equipment, parts, supplies and complementary products. Currently, the Company operates 127 service centers in 34 states, the United Kingdom and France, through which it distributes more than 52,000 national brand and private label products to approximately 27,000 customers.
The above statements regarding future plans, intentions and expectations which are not historical facts are forward-looking statements that involve risk and uncertainties, including, but not limited to factors related to (i) the sensitivity of the swimming pool business to weather conditions; (ii) the intense competition and low barriers to entry in the swimming pool supply industry; (iii) the sensitivity of the swimming pool supply business to general economic conditions; (iv) the Company’s ability to identify appropriate acquisition candidates, complete acquisitions on satisfactory terms or successfully integrate acquired businesses; (v) the Company’s ability to obtain financing on satisfactory terms; (vi) the risk of fire, safety and casualty losses and related liabilities claims inherent in the storage and repackaging of chemicals sold by the Company; (vii) the Company’s ability to remain in compliance with the numerous environmental, health and safety requirements to which it is subject; and (viii) the other factors discussed in the Company’s filings with the Securities and Exchange Commission. Such factors could affect the Company’s actual results and could cause such results to differ materially from the company’s expectations described above.