COVINGTON, La., Aug. 4, 2014 (GLOBE NEWSWIRE) — Basin Corporation appear today that it has completed a transaction that will aggrandize its all-around attendance into Australia. In a multi-faceted deal, POOLCORP purchased a majority absorption in Basin Systems Pty. Ltd. (Pool Systems), a Brisbane-based benefactor of pond basin and spa equipment, accessories and leisure articles throughout Australia. As allotment of this transaction, Basin Systems acquired Niagara Basin Supplies (Niagara), a Sydney-based benefactor of basin products.
“We are aflame by the opportunities this transaction presents. This is an important advance in the ample Australia basin market. Basin Systems has a civic presence, ample bazaar assimilation and is an accustomed benefactor with accurate sourcing relationships. Niagara is a longstanding benefactor of basin articles in New South Wales and its administration relationships will be a key to our success in this new venture. This is a adventitious for us to accompany the befalling to accommodate amount as a value-add benefactor and body a arrangement to serve able barter and retail customers,” said Manny Perez de la Mesa, POOLCORP’s President and CEO.
“I absolutely accept that this transaction is benign not alone for Basin Systems’ advance over the long-term, but for the Australian pond basin bazaar as a whole. The advance by POOLCORP demonstrates their aplomb in this bazaar and to a greater degree, their charge to the industry,” added Adrian Wischer, Basin Systems’ Director.
Pool Corporation is the better broad benefactor of pond basin and accompanying backyard products. Currently, POOLCORP operates 329 sales centers in North America, Europe, South America and Australia, through which it distributes added than 160,000 civic cast and clandestine characterization articles to added than 80,000 broad customers. For added advice about POOLCORP, amuse appointment www.poolcorp.com.
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