S.R.SMITH ACQUIRES ANTI WAVE AUSTRALIA

Canby, OR – November 8, 2013 - S.R.Smith, LLC announces it has acquired the assets of Anti Wave Australia. The purchase brings S.R.Smith a portfolio of competitive swimming products under the Anti Wave Brand, which the company will market and sell in Australia and the surrounding island countries. 

The acquisition provides S.R.Smith access to the second largest pool market in the world, with approximately 900,000 commercial and residential swimming pools.  Plans include expanding sales of S.R.Smith pool deck equipment into Australia to supplement Anti Wave competitive product offerings as well as offering a complete line of residential deck equipment. “This is an exciting opportunity for S.R.Smith, one which promises to generate long term growth for our business,” said Rich Laitta, S.R.Smith President & CEO.  “It also helps counter the seasonal trends in our domestic business as the Australian pool season is counter cyclical to North America and Europe.” 

Anti Wave products are well known in the competitive swimming world and include starting blocks, water polo goals, racing lane lines, storage reels and complementary accessories.  The Australian business will trade under the name SRS Australia PTY LTD and operate out of the existing Anti Wave manufacturing and distribution facility in Ipswich, Queensland. 

S.R.Smith is a worldwide leader of residential, commercial and pool lift deck equipment.  Founded in 1932, S.R.Smith is headquartered in Canby, OR with additional manufacturing in Portland, TN.  S.R.Smith products are featured on some of the finest pools around the world.