Master Spas Celebrates 25th Anniversary

Hot tub, swim spa manufacturer has added 400 employees in past year

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May 17, 2021, 10:10 ET

FORT WAYNE, Ind., May 17, 2021 /PRNewswire/ -- Master Spas is marking its 25^th anniversary this year. The hot tub and swim spa manufacturer is looking back proudly at its contributions to the spa industry and the local Fort Wayne economy.

Master Spas was founded in 1996. CEO Bob Lauter, along with a group of investors, acquired Fort Wayne Pools' spa division and its 90,000-square-foot facility. Fort Wayne Pools began making acrylic spas in 1978.

Master Spas executives, left to right, Terry Valmassoi, Co-Founder and President; Mike Reese, Vice President of Manufacturing, Bob Lauter, CEO and Co-Founder; Nathan Coehlo, Vice President of Engineering; Kevin Richards, Vice President of Marketing and Sales; Sam Badiac, Executive Vice President

"During my experience working in the spa industry, I had learned what I wanted to do and saw risks others weren't willing to take," Lauter says. "Three of our key executives, including president Terry Valmassoi, who was with me on Day 1, joined the company in 1996. We started with a small business, and we had the challenge — and opportunity — to convert it into a high-end hot tub manufacturer. And that's what we did."

Master Spas started with less than a dozen employees in 1996. Now, nearly 1,000 employees clock in and out of the state-of-the art campus in Fort Wayne, Indiana. About 400 positions and a second shift were added in the past year.

The facility occupies 36 acres, and there's 530,000-square-feet of production, warehousing, and office space. Tens of thousands of hot tubs and swim spas are built annually and shipped to dealers around the world.

The company has enjoyed strong growth throughout its 25-year history, becoming the largest manufacturer of hot tubs that are made in the USA, and the largest manufacturer of swim spas globally.

Major capital investments have helped Master Spas to continue its growth and meet the demands of the market. Master Spas invested $15.3 million in 2019, building a new 166,000-square-foot swim spa factory and expanding the acrylic spa factory. The company is continuing capital improvements in 2021 with an expansion to its warehousing and production facility.

Master Spas serves customers worldwide through their network of dealers throughout the U.S., Canada, Europe, Russia, Israel, and New Zealand. The company produces high-quality hot tubs and swim spas, including Michael Phelps Signature Swim Spas. This swim spa line was designed with input from 23-time gold medalist Michael Phelps.

Recognized for its commitment to innovation and quality construction, Master Spas is an award-winning company. All of its hot tubs and swim spas are manufactured in the USA.

About Master Spas

Master Spas is based in Fort Wayne, Indiana, 90 miles northeast of Indianapolis. Operating out of a state-of-the-art, 530,000-square-foot manufacturing facility on a 36-acre manufacturing campus, Master Spas is the largest swim spa manufacturer in the world, and largest portable hot tub manufacturer that makes 100% of our product in the USA. The company's executive team boasts more than 200 years of spa manufacturing success and one of the strongest track records in the industry. For more information, please visit: www.MasterSpas.com.

SOURCE Master Spas