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Jacuzzi Enters into Agreement to Sell Bathcraft Business Unit to Jupiter BathwareChino, CA - April 30, 2008 - Jacuzzi Brands Corp. President and CEO Thomas D. Koos today announced that a definitive agreement has been reached to sell its Bathcraft business unit to Jupiter Bathware Inc. The transaction is scheduled to close on May 6, 2008 pending satisfaction of normal and customary closing conditions. Under the agreement, Jupiter will acquire the stock of Bathcraft and will continue its current operations at the Valdosta, Georgia production facilities. Senior management for Bathcraft, including President Lynwood Davis and Vice President and General Manager Johnnie Hambrick, will continue in their respective leadership roles. No additional terms of the sale were disclosed. “For many years, it has been a desire of mine to be associated with Lynwood, Johnnie and the team at Bathcraft, Inc.,” said Jupiter Bathware CEO H.P. McCoy. “The combination of our businesses at this time offers significant efficiencies by having three plants strategically located in the Mid-Atlantic and Southeastern states.” Domestic manufacturing of Jacuzzi® branded bath products will remain in Valdosta, Georgia in a recently-completed factory. The new facility with expanded space is separate from the Bathcraft operations. Richard Baehr will be the top local leader for Jacuzzi Whirlpool Bath’s Valdosta operations reporting to Brett Mueller. “This move allows us to focus our full attention on the legendary Jacuzzi brand of bath products in North America,” said Jacuzzi Brands President and CEO Tom Koos. “We remain committed to the bath products market, to our dedicated wholesale and retail customers and to sharing the unique Jacuzzi legacy with consumers everywhere.” About Jupiter Bathware, Inc. About Bathcraft, Inc. About Jacuzzi Brands Corp. Media Contact: Anthony Pasquarelli Jupiter Bathware For more information about Jacuzzi Whirlpool Bath, visit www.jacuzzi.com |
Media ContactsFor Outdoor Hot Tubs, Baths & Showers:Anthony Pasquarelli Jacuzzi Hot Tubs Tel: 800-288-4002 Voice mail ext: 2057 E-mail: anthony.pasquarelli@jacuzzibrands.com Media Information |

























