Hayward® Holdings, Leading Pool Equipment Designer and Manufacturer, Expands Capacity by Adding New Southeast Distribution Center

Rhea-AI Summary

Hayward Holdings (NYSE: HAYW) announced the opening of a 326,000 square-foot distribution center in Mocksville, N.C., its largest facility, to be operational by the end of 2021. This center will enhance service for expanding markets in North America, Europe, Australia, and Latin America. It complements the existing Clemmons facility, increasing Hayward's footprint to approximately 1.3 million square feet. The project also features a customer training center and reflects the company's commitment to meeting growing demand, especially amidst the current chlorine shortage.

Positive

• New 326,000 square-foot distribution center in Mocksville enhances logistics capacity.
• Total distribution footprint now approximately 1.3 million square feet.
• Facilities designed to meet growing demand in multiple global markets.
• Includes a customer and technical training center to support partners.

Negative

• None.

Hayward Holdings, Inc. (NYSE: HAYW) (“Hayward” or “the Company”), a global designer, manufacturer, and marketer of broad portfolio of pool equipment and associated automation systems, today announced the addition of a new distribution center in Mocksville, N.C. The Company’s largest distribution facility, the new center will be 326,000 square feet and is expected to be operational by the end of 2021. Once completed, the Mocksville center, combined with the Company’s existing facility in Clemmons, N.C., will bring Hayward's Southeast-based footprint to approximately 1.3 million square feet of combined manufacturing and distribution operations.

The Mocksville distribution facility will service the Company’s expanding North American, European, Australian, and Latin American markets. The facility will also include a customer and technical training center designed to promote and support the growth of Hayward’s channel partners. The Mocksville project completes a distribution expansion program that includes the 2020 launch of a world-class distribution facility located in Phoenix, Ariz.

Hayward's investment in expanding its distribution facilities underscores the Company’s commitment to servicing its expanding global customer base. It also highlights Hayward’s vertical integration capabilities, which allow it to quickly ramp up production of supplies to meet demand in the outdoor living space, as well as provide alternate solutions when faced with issues such as the current chlorine shortage.

“Investment in outdoor living areas – of which the pool is often the centerpiece – is a trend that we’ve seen for several years and one that is poised to continue for the long term, driven by millennial preferences as well as baby boomers investing in their homes,” said Kevin Holleran, CEO of Hayward Holdings. “There are 25 million and growing pools worldwide, and owners increasingly want to upgrade their pools with smart home automation and alternatives to traditional chlorine, such as salt chlorine generators.”

“The amount of money that consumers are spending on pool equipment has doubled in the past 10 years,” continued Holleran. “We have a lifetime relationship with pool owners, which means we need to be able to get them their equipment when and where they need it. This promise to customers is a big part of our capacity investment strategy.”

About Hayward Holdings, Inc.

Hayward Holdings, Inc. is a global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems. Headquartered in Berkeley Heights, NJ, Hayward designs, manufactures, and markets a full line of innovative, energy-efficient pool and spa equipment, with brands including AquaVac®, AquaRite®, ColorLogic®, Navigator®, OmniLogic®, OmniHub®, TriStar®, Super Pump®, TurboCell®, pHin™ CAT Controllers®, HCP Pumps and Saline C® Series.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210615006127/en/

FAQ

What is the significance of Hayward's new distribution center in Mocksville, NC?

The new 326,000 square-foot distribution center will enhance logistics capabilities, servicing expanding markets across North America, Europe, Australia, and Latin America.

When will Hayward's Mocksville distribution center be operational?

The Mocksville distribution center is expected to be operational by the end of 2021.

How does Hayward's expansion affect its market presence?

The expansion increases Hayward's distribution footprint to approximately 1.3 million square feet, improving service levels to a growing global customer base.

What are the benefits of the new facility for Hayward's customers?

The facility includes a customer and technical training center, which aims to support Hayward’s partners and ensure timely delivery of pool equipment.

How is Hayward addressing the current chlorine shortage?

Hayward's vertical integration capabilities allow the company to quickly ramp up production and provide alternative solutions amid the chlorine shortage.