Fluidra and Zodiac merger getting closer

Eloi Planes (Fluidra) and Bruce Brooks (Zodiac) announce the merger plans

Australian and New Zealand regulators are moving forward with the acceptance of the Fluidra and Zodiac merger.

In November 2017, Zodiac and Fluidra reached agreement to merge their pool equipment businesses globally, including in Australia and New Zealand.

The Australian Competition & Consumer Commission is now holding an informal review and inviting comments from interested parties regarding the proposed acquisition of Fluidra by Piscine Luxembourg Holdings 2 S.a.r.l (Zodiac).

The closing date for submissions is 29 March 2018. Go to the ACCC website for more.

In New Zealand

Meanwhile, the Commerce Commission of New Zealand has cleared Rhone Capital LLC to acquire up to 100 per cent of the shares in, or the assets of, Fluidra S.A.

Rhone is a New York-based private equity firm that owns a number of entities, including the Zodiac group of companies (Zodiac). Fluidra supplies a range of pool equipment primarily under the brand name AstralPool through New Zealand-based distributor, Aqua Clear Products Limited.

 

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