ThermoSpas

ThermoSpas Hot Tub Products, Inc.
Founded 1983
Headquarters Wallingford, Connecticut, U.S.A.
Key people
 Nathan Mangum, General Manager
Website www.thermospas.com

ThermoSpas, Inc. 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

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

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

  1. 1 2 3 4 Brown, Paul (5 August 2014). "Unique Relationship With Its Customers May Have Saved ThermoSpas". Opposing Views.
  2. ↑ Singh, Kanika (29 July 2014). "Tips on Throwing The Perfect Hot Tub Party". The Examiner.
  3. ↑ "Austin Powers: Call Home". Forbes. 3 October 2008.
  4. 1 2 3 Lee, Mara (31 May 2012). "ThermoSpas Sold Out of Bankruptcy". The Courant. Retrieved 22 August 2014.
  5. ↑ "ThermoSpas". Completed. Retrieved 22 August 2014.
  6. ↑ "Jacuzzi Group Worldwide Attracted to ThermoSpas Assets, Acquires Them From Bankruptcy". The Mail. 5 December 2012. Retrieved 22 August 2014.
  7. 1 2 3 4 Mathews, Kay (2 July 2014). "Hot Tub Time Machine: A history of personal spas through the ages". Digital Journal. Retrieved 22 August 2014.
  8. ↑ "More executives than ever are in hot water". Kiplinger's. February 2005.
  9. ↑ Donegan, Fran J.; Short, David (2012). Pools and Spas: Planning, Designing, Maintaining, Landscaping. Creative Homeowner. ISBN 9781580116848.
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