ThermoSpas
 | |
| Founded | 1983 |
|---|---|
| Headquarters | , U.S. |
| Website | www |
ThermoSpas is an American brand of hot tubs, headquartered in Wallingford, Connecticut. Founded in 1983, it was purchased by a subsidiary of Jacuzzi Group Worldwide in 2012 and now operates under the name ThermoSpas Hot Tub Products, Inc.[1][2][3]
History[edit]
ThermoSpas was founded in 1983[4] and began in a 30,000 square foot facility in Shelton, Connecticut. It continued to expand and relocated to a 140,000 square foot manufacturing plant a few years later in Wallingford.[5]
ThermoSpas originally sold through hot tub dealers in the mid-1980s. In 1995, the company cut ties with most dealers in favor of a new approach to hot tub sales. The company's business model became unique in the industry. While major hot tub companies sold through independent dealers, ThermoSpas used a direct-to-consumer model and performed everything from the initial site inspection through installation of its tubs.[1] Its best lead system was from infomercials which generated hundreds of thousands of leads for the company.[4]
ThermoSpas ran into financial difficulty in 2008-2009 during the United States recession.[1] It became unable to manage every aspect of its business, reporting $2.6 million in assets with almost $18 million in debt,[6] eventually filing bankruptcy.[1] A subsidiary of Jacuzzi Group Worldwide purchased some of the assets of ThermoSpas, giving ThermoSpas the resources and improved infrastructure to continue it use of the direct-to-consumer business model. Although considered a subsidiary of Jacuzzi Group Worldwide, ThermoSpas operates as an independent company officially named ThermoSpas Hot Tub Products, Inc.[4]
Since its inception, the ThermoSpas has been known for development and use of technology such as a patented control therapy system that allows each person in a hot tub to have a personalized therapeutic experience[7] in addition to various filtration systems that help purify water used in a hot tub.[7][8]
Products[edit]
ThermoSpas sells pre-designed hot tubs as well as personally designed hot tubs for personal use.[9] In addition to personal hot tubs, ThermoSpas is known for healing spas and swim spa trainers.[7] It is also attributed as the first to develop a healing spa specifically for arthritis sufferers, a design that they partnered with the Arthritis Foundation to complete.[7]
References[edit]
- ^ a b c d Brown, Paul (5 August 2014). "Unique Relationship With Its Customers May Have Saved ThermoSpas". Opposing Views.[1]
- ^ Singh, Kanika (29 July 2014). "Tips on Throwing The Perfect Hot Tub Party". The Examiner.
- ^ "Austin Powers: Call Home". Forbes. 3 October 2008.
- ^ a b c Lee, Mara (31 May 2012). "ThermoSpas Sold Out of Bankruptcy". The Courant. Retrieved 22 August 2014.
- ^ "ThermoSpas". Completed. Retrieved 22 August 2014.
- ^ "Jacuzzi Group Worldwide Attracted to ThermoSpas Assets, Acquires Them From Bankruptcy". The Mail. 5 December 2012. Retrieved 22 August 2014.
- ^ a b c d Mathews, Kay (2 July 2014). "Hot Tub Time Machine: A history of personal spas through the ages". Digital Journal. Retrieved 22 August 2014.
- ^ "More executives than ever are in hot water". Kiplinger's. February 2005.
- ^ Donegan, Fran J.; Short, David (2012). Pools and Spas: Planning, Designing, Maintaining, Landscaping. Creative Homeowner. ISBN 9781580116848.