Kentwood hot tub, spa manufacturer acquired by PE firm
KENTWOOD — West Michigan-based hot tub manufacturer Nordic Products Inc. has sold to Monomoy Capital Partners LP, a private equity firm based in Gr...
KENTWOOD — West Michigan-based hot tub manufacturer Nordic Products Inc. has sold to Monomoy Capital Partners LP, a private equity firm based in Greenwich, Conn. Founded in 1995, Nordic Products operates from a 111,000-square-foot manufacturing facility at 4655 Patterson Ave. SE in Kentwood where it makes high-density polyethylene hot tub shells. The company specializes in therapeutic hot tubs for residential customers in North America and Europe aimed at the 'affordable luxury' market. Nordic Products President Maurizio Vozza said company officials 'felt it was time for Nordic to expand and to grow, and we were impressed with Monomoy and the acquisitions they had made.