S.R. Smith, the Canby, Ore.-based manufacturer of swimming pool slides, rails and other deck equipment, has acquired some of the assets of Inter-Fab, based in Tucson, Ariz. S.R. Smith plans to integrate all of Inter-Fab’s products into its portfolio except for its deck-mounted slides, which were not part of the agreement.
In a statement, Inter-Fab president Mike Hagerty cited a favorable business climate and his approaching retirement as reasons for the asset sale.
“In the last 30 years I’ve had the privilege to work with a team of intelligent, hard-working, dedicated, talented and passionate people,” he said. “We built a business from a fledgling startup in January 1990, to a company that has most certainly left a creative and positive imprint on the swimming pool industry. I believe the culture of Inter-Fab will blend in with S. R. Smith and together the company will innovate, grow and prosper for the good of the industry.”
Executives for S.R. Smith, which has been in business since 1932, are similarly optimistic about the combined entities.
“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,” said president and CEO Rich Laitta. “We believe the combination of S.R. Smith and Inter-Fab creates a stronger company that will bring new ideas and products to the industry.”
