STOCK TITAN

Latham Group, Inc. Celebrates Opening of New Fiberglass Swimming Pool Manufacturing Plant in Kingston, Ontario

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Latham Group, Inc. has opened a new fiberglass manufacturing facility in Ontario, Canada. The facility will help the company expand into Eastern Canada and the Northeast and Upper Midwest of the United States. The 148-acre plant will reduce lead times and increase manufacturing capabilities, allowing Latham to provide more homeowners with their fiberglass pools.
Positive
  • Latham Group, Inc. has opened a new fiberglass manufacturing facility in Ontario, Canada, expanding their operations in attractive markets. The facility will reduce lead times and expand manufacturing capabilities, allowing the company to provide more homeowners with their fiberglass pools.
Negative
  • None.

State-of-the-art Facility Will Enable the Company’s Continued Expansion into Eastern Canada and Northeast and Upper Midwest of the United States

LATHAM, N.Y., May 26, 2023 (GLOBE NEWSWIRE) -- Latham Group, Inc. (“Latham” or “the Company”) (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced the opening of the Company’s new fiberglass manufacturing facility in Loyalist Township in Ontario, Canada, west of Kingston.

Members of Latham’s management and production teams, joined by Loyalist Mayor Jim Hegadorn, Lennox and Addington Warden Henry Hogg, Ric Bresee, Member of Provincial Parliament of Ontario and Shelby Kramp-Neuman, Member of Parliament, today celebrated the official opening of the Company’s 148-acre fiberglass manufacturing plant in Loyalist Township, Ontario.

“Last year, we broke ground here to build our largest fiberglass pool manufacturing plant. Today, we are thrilled to announce that this state-of-the-art facility is officially open for business,” said Scott Rajeski, President, and Chief Executive Officer of Latham. “As we continue to drive the material conversion from concrete to fiberglass, the Kingston plant will allow us to better scale our operations across North America by reducing our lead times and expanding our manufacturing capabilities in attractive markets. With the Kingston facility, we look forward to being able to provide more homeowners, particularly those in the Eastern Canadian and Northeast and Upper Midwest of the United States, with our signature world-class fiberglass pools.”

“On behalf of Council, I’m very excited to celebrate the opening of the Latham Group facility in Loyalist Township,” said Jim Hegadorn, Mayor of Loyalist Township. “Latham is an international company and a global leader in the swimming pool industry, we are very pleased that Latham has chosen Loyalist as home for the company’s newest facility. Already, Latham has made a profound impact by sponsoring community events and offering meaningful employment opportunities to residents. As one of the fastest growing communities in Eastern Ontario, Loyalist is pleased to work with corporate partners like the Latham Group to help grow a prosperous, healthy, engaged community.”

“We are excited to begin production in this new world-class facility, which will enable us to better service homeowners and create job opportunities for the residents in the Loyalist community and greater Kingston area,” said Sanjay Jain, Fiberglass Operations Director for Canada for Latham. “This was a fast-paced project completed in record time. We are thankful to the Loyalist township and Cornerstone Builders for their partnership and ongoing support throughout this project.”

About Latham Group, Inc.
Latham Group, Inc., headquartered in Latham, NY, is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. Latham has a coast-to-coast operations platform of over 2,000 employees across 30 facilities.

Latham Contact:
Jeff Anzulewicz
Latham, The Pool Company
Jeffanzulewicz@lathampool.com
717 813 3093
Investors Contact:
Nicole Harlowe
Edelman for Latham
latham@edelman.com
646 750 7235


Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1b3009b4-626f-4152-b97d-2a01f72072c4
https://www.globenewswire.com/NewsRoom/AttachmentNg/8881cec9-abbb-43d8-aa9d-85208e634f9a
https://www.globenewswire.com/NewsRoom/AttachmentNg/d7367af2-8aed-4f54-97e9-1568bdc004b8
https://www.globenewswire.com/NewsRoom/AttachmentNg/724d0a81-a803-49fe-ac4e-84384ab91391 


Latham Group, Inc. announced the opening of a new fiberglass manufacturing facility in Ontario, Canada.

The new facility will reduce lead times, expand manufacturing capabilities, and allow Latham Group, Inc. to provide more homeowners with their fiberglass pools.

Latham Group, Inc. will expand their operations into Eastern Canada and the Northeast and Upper Midwest of the United States.

Members of Latham's management and production teams, along with local government officials, attended the opening of the new facility.
Latham Group Inc

NASDAQ:SWIM

SWIM Rankings

SWIM Latest News

SWIM Stock Data

Sporting and Athletic Goods Manufacturing
Manufacturing
Link

About SWIM

latham pool products is the leading manufacturer of inground residential swimming pools and components in north america. homeowners from coast to coast enjoy the full benefits of pool ownership thanks to innovative latham products. and pool and spa professionals from coast to coast partner with latham to enjoy the full benefits of our broad product lines, best-in-class quality and industry-leading support. latham pools are available in an extensive variety of sizes and shapes with a number of exciting options that will transform your backyard into an outdoor entertainment center. with the help of your professional pool dealer, you will be able to customize your backyard to suit your individual taste.