Type Private Area served Worldwide Net income $40.4M (2006) Number of employees 4,907 | Industry Plumbing manufacturing Revenue $1,202.4M (2006) Founded 1915 | |
Products mattresses, hot tubs, bath tubs, showers, toilets, sinks and accessories Headquarters Chino Hills, California, United States CEO Robert I. Rowan (1 Apr 2013–) Founders Candido Jacuzzi, Gelindo Jacuzzi, Giuseppe Jacuzzi Parent organizations REXNORD LLC, Apollo Global Management, RBS GLOBAL INC Subsidiaries ThermoSpas, Jacuzzi Inc. Profiles | ||
Jacuzzi Brands Corp. ("Jacuzzi") is an Italian-owned multinational corporation that produces whirlpool bathtubs and hot tub spas. Its first product was a bath with massaging jets.
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Its name has become a generic trademark, used as a term for hot tubs.
History
Founded in 1915 by seven brothers, led by Giocondo Jacuzzi, Jacuzzi and Brothers made wooden propellers under military contracts, based at 2043 San Pablo Avenue, Berkeley, California. In 1920 the brothers also dabbled briefly with aircraft design and manufacture, with a single-seat monoplane and a seven-seat cabin monoplane. Both aircraft were noted for their use of laminated wood products for fuselage manufacture, but were essentially unsuccessful, with only one of each type being built. By 1923 the company was styled as Jacuzzi Bros Propellers, with headquarters at 1450 San Pablo Ave.
The company survived to become famous as the whirlpool and bubble bath manufacturer of today, with the name Jacuzzi becoming synonymous with the bath products regardless of manufacturer.
Current activities
In October 2006, Apollo Management, a large private equity firm, announced a $990 million leveraged buyout of Jacuzzi Brands.
In 2008 Jacuzzi moved its world headquarters to The Shoppes at Chino Hills, California.
In May 2012, Jacuzzi Group Worldwide acquired the assets of ThermoSpas, a Wallingford, Connecticut-based manufacturer of spas and hot tubs.