BERKELEY HEIGHTS, NJ–(BUSINESS WIRE)–March 21, 2022–
Hayward Holdings, Inc. (NYSE: HAYW) (“Hayward”), a global designer, manufacturer and marketer of a broad portfolio of swimming pool equipment and technology, has opened a new manufacturing facility in El Prat de Llobregat, Barcelona, Spain. Hayward will manufacture advanced IoT-enabled water sanitation automation and control systems at the new plant. This key investment both increases production capacity and serves as an engineering and innovation center for future new products.
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Hayward CEO Kevin Holleran, left, shakes hands with Fernando Blasco, Vice President and General Manager for Europe and Rest of the World, during a ceremony celebrating the opening of the company’s new factory in Barcelona, Spain. (Photo: BusinessWire)
Hayward CEO Kevin Holleran recently visited the plant to greet employees ahead of its official opening.
“Our company is successful thanks to the hard work and dedication of our employees around the world, from Barcelona; in North Kingstown, Rhode Island; and in Clemmons, North Carolina. It’s so exciting to see our team in Spain grow and develop,” said Holleran. “The opening of this facility is an important milestone for us. This new facility will help position Hayward as the leader in connected products and water care. Our team is dedicated to designing and developing new innovative technologies to enhance our global offerings. I look forward to this state-of-the-art facility becoming fully operational in the coming months. »
The facility spans over 43,000 square feet including assembly operations, quality control and a distribution center. It also houses engineering, product management, technical and customer service groups as well as a state-of-the-art showroom and training center.
The majority of the products that will be developed and manufactured at the new facility are essential to Hayward’s SmartPad™ system, which allows pool owners to access and control their pool and backyard features over the internet through their devices. intelligent and, in some cases, providing the voice. orders.
The opening of the Barcelona factory is the latest development in a series of strategic moves to expand Hayward’s position in providing advanced, easy-to-use internet-connected products.
In January, the company announced a series of strategic acquisitions including Water Works Technologies Group LLC, a water feature and LED lighting company; SmartPower™, an exclusive LED lighting communication and control technology; and SmartValve, an IP-rich fluid control and valve technology.
Consumer preferences are shifting towards the types of internet-connected systems to develop and produce in the facility as more millennials become homebuyers. According to 2021 data from the National Association of Realtors Research Group in the United States, 37% of home buyers in the United States are millennials. They are driving an evolution in the demand for app-controlled devices in the home. US data collected by Statista indicates that if only 40% of homes in 2020 had a smart home system, an estimated 60% will include them by 2025.
About Hayward Holdings, Inc.
Hayward Holdings, Inc. (NYSE:HAYW) is one of the world’s leading designers and manufacturers of pool equipment and technology, all essential to the SmartPad™ conversion strategy designed to deliver a superior outdoor living experience. Hayward offers a full line of innovative, energy efficient and sustainable residential and commercial pool equipment, including a full line of pumps, filters, heaters, automatic pool cleaners, LED lighting, Internet of Things (IoT) enabled controls, alternative sanitizers and water characteristics.
This press release contains certain statements that are “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995 and press releases issued by the Securities and Exchange Commission. These forward-looking statements relating to Hayward are based on the beliefs of Hayward’s management as well as assumptions made by us and information currently available to us. These forward-looking statements include, but are not limited to, statements about Hayward’s strategies, plans, goals, expectations, intentions, expenditures and assumptions and other statements contained or incorporated by reference in this release that are not facts. historical. When used in this document, words such as “guidance”, “may”, “will”, “should”, “could”, “intend”, “potential”, “continue”, ” anticipate”, “believe”, “estimate”, “expect”, “plan”, “target”, “look ahead”, “predict”, “project”, “seek” and related similar expressions to Hayward are intended to identify forward-looking statements. Important factors that could affect Hayward’s future results and could cause those or other results to differ materially from those indicated in its forward-looking statements include the following: its ability to execute its growth strategies and its opportunities for expanding; its ability to maintain favorable relationships with its suppliers and manage disruptions to its global supply chain and raw material availability; its relationships with and performance of distributors, builders, buying groups, retailers and servicers who sell Hayward products to pool owners; competition from domestic and global companies and lower-cost manufacturers; impacts on Hayward’s business from the sensitivity of its business to seasonality and adverse economic and business conditions; Hayward’s ability to identify new technological and other trends in its target end markets; Hayward’s ability to effectively and profitably develop, manufacture and market and sell its planned and future new products; failure of markets to accept the introduction and improvement of new products; the ability to successfully identify, finance, complete and integrate acquisitions; Hayward’s ability to attract and retain senior management and other qualified personnel; regulatory changes and developments affecting Hayward’s current and future products; exchange rate volatility; Hayward’s ability to service its existing debt and obtain additional capital to fund its operations and growth opportunities; the impacts on Hayward’s business of political, regulatory, economic, commercial and other risks associated with operating foreign businesses; Hayward’s ability to establish and maintain intellectual property protection for its products, as well as its ability to operate its business without infringing, misappropriating or otherwise violating the intellectual property rights of others; the impact of material cost and other inflation; the impact of changes in laws, regulations and administrative policies, including those that limit US tax benefits, impact trade agreements and tariffs, or address the impacts of climate change; the outcome of litigation and governmental proceedings; the impacts on Hayward’s business of the COVID-19 pandemic; and other factors set forth in the “Risk Factors” section of Hayward’s Annual Report on Form 10-K. The forward-looking statements included in this press release speak only as of the date of this report. Except as required by U.S. federal securities laws, Hayward does not intend or undertake any obligation to update these forward-looking statements for any reason after the date of this release to conform with these statements to actual results or changes in Hayward’s expectations.
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CONTACT: Investor Relations:
Hayward Investor Relations
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KEYWORD: EUROPE SPAIN UNITED STATES NORTH AMERICA NEW JERSEY
KEYWORD INDUSTRY: ARCHITECTURE OTHER BUILDING AND REAL ESTATE RESIDENTIAL BUILDING AND REAL ESTATE MANUFACTURING CONSTRUCTION AND REAL ESTATE OTHER MANUFACTURING LANDSCAPE
SOURCE: Hayward Holdings, Inc.
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PUBLISHED: 03/21/2022 1:00 PM / DISK: 03/21/2022 1:02 PM