S.R. Smith, LLC, manufacturer of swimming pool deck equipment, lighting and access products, headquartered in Canby, Oregon, announced the acquisition of certain assets of Inter-Fab, Inc. based in Tucson, Arizona. S.R. Smith will integrate the product portfolios except for Inter-Fab’s deck mounted pool slides, which have not been acquired.
“I determined within the past year that this is a window of opportunity when selling a relatively small, profitable and successful business makes sense,” says Mike Hagerty, president of Inter-Fab. “The capital markets are right for such an opportunity. That, coupled with the fact that I’m approaching retirement age, influenced my decision to sell.”
“During the transition, S.R. Smith is committed to providing exemplary service and support while we work to integrate the businesses into a single company that can better serve customers worldwide,” says Rich Laitta, president and CEO of S.R. Smith. “We are optimistic about the future and believe the combination of S.R. Smith and Inter-Fab creates a stronger company that will bring new ideas and products to the industry.”