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Our company was incorporated
in the state of Delaware in 1993 under the name SCP Holding Corp.
In 1995 the name was changed to the present-day SCP POOLCORP. (POOL).
Since that time, we have grown substantially to become the world’s
largest wholesale distributor of swimming pool supplies, equipment
and related outdoor leisure products. With over 240 service centers
operating in eight countries, our broad range of products coupled
with our commitment to excellence has resulted in our continued
growth as we strive to honor our mission.
POOLCORP continues
to build on our core strengths, focusing on growing our customers’
businesses faster than the overall market and incrementally improving
all aspects of our business operations.
We anticipate continuing
to increase our focus on supply chain management initiatives, including
expansion of international sourcing and private label opportunities.
We believe a handful
of factors will contribute to our future growth:
• Continued growth
of the installed base of
swimming pools;
• Expansion of our existing service centers
through continued execution of our
sales, marketing and service programs;
• Growth in complementary product sales;
• Sales from acquired service centers, including
Horizon;
• The anticipated opening of five to ten new
service centers in 2006;
• Expected product price increases passed
through the supply chain.
The growth of our business
depends on the expansion of the installed pool base, which is tied
to the growth of the pool industry as a whole. To support this effort,
POOLCORP is expanding its advertising and promotional programs.
This strategy is designed to raise consumer awareness of the benefits
and affordability of pool ownership; the ease of pool maintenance;
and the many ways a pool may be enjoyed beyond swimming.
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2001, we have opened
23 new service centers and have completed 13 acquisitions including
Horizon Distributors Inc. (Horizon) in October 2005.
Horizon is a leading
regional wholesale distributor of irrigation and landscape products
serving professional contractors in the landscape construction and
maintenance markets. We believe this transaction brings added depth
and diversity to our operations through an extension of our complementary
products offerings and furthers our objective of being the concept-to-completion
resource for pool and landscaping contractors. Horizon is a natural
addition to our business, as irrigation and landscaping are often
key components to enhancing the quality of outdoor home life.
We further increased
our service base again in October 2005 with the acquisition of B&B
s.r.l. (Busatta), a swimming pool supply distributor based in the
northwestern Italian city of San Bernardo d'Ivrea, near Turin. Busatta
is our first location in Italy, furthering our presence in the European
market.
These additions to
the POOLCORP family have expanded our network to include an additional
93 service centers (net of service center closings and consolidations)
and a centralized shipping location to our distribution networks.
In addition to our US operations we have wholly owned subsidiaries
in Canada, Mexico, the United Kingdom, France, Portugal, Spain and
Italy.
As of December 31,
2005, POOLCORP and its wholly owned subsidiaries maintained 246
service centers in North America and Europe from which we sell swimming
pool equipment, parts and supplies and irrigation and landscape
products to pool builders, retail stores, service companies and
landscape contractors. We distribute products through three networks:
the SCP Distributors (SCP) network, the Superior Pool Products (Superior)
network and the Horizon network.
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