SCP Pool Corporation

SCP Pool Corporation

January 03, 2005 08:01 ET

SCP Pool Corporation Announces the Completion of Its Canadian Distribution Acquisition and the Divestiture of Its North American Manufacturing Assets


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SCP POOL CORPORATION

NASDAQ SYMBOL: POOL

JANUARY 3, 2005 - 08:01 ET

SCP Pool Corporation Announces the Completion of Its
Canadian Distribution Acquisition and the Divestiture
of Its North American Manufacturing Assets

COVINGTON, La.--(CCNMatthews - Jan 3, 2005) -

SCP Pool Corporation (NASDAQ/NM:POOL) announced today that it has
completed its previously announced acquisition of certain distribution
assets of Latham International LP's Canadian subsidiary, Pool Tech
Distribution Inc., ("Pool Tech"). Pool Tech distributes swimming pool
supplies and equipment through three service centers located in Ontario,
Canada. POOL funded this transaction primarily through the exchange of
manufacturing assets held by its subsidiary, Les Industries R.P. Inc.

POOL also completed the previously announced divestiture of its
manufacturing assets located in Fort Wayne, Indiana. POOL received a
minority interest in Latham Acquisition Corporation ("LAC") in exchange
for the manufacturing assets of its subsidiary, Fort Wayne Pools, Inc.

SCP Pool Corporation is the largest wholesale distributor of swimming
pool supplies and related products. Currently, POOL operates over 200
service centers in North America and Europe, through which it
distributes more than 91,000 national brand and private label products
to roughly 48,000 wholesale customers.

This news release may include "forward-looking" statements that involve
risk and uncertainties. The forward-looking statements in this release
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially due to a variety of factors, including the sensitivity of the
swimming pool supply business to weather conditions and other risks
detailed in POOL's 2003 Form 10-K and subsequent Form 10-Qs filed with
the Securities and Exchange Commission.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    SCP Pool Corporation, Covington
    Craig K. Hubbard, 985-801-5117
    craig.hubbard@poolcorp.com