Spanish-headquartered Fluidra (XMAD:FDR, Financial), purchased in mid-2019, develops and sells equipment for residential and commercial swimming pools. In addition to completing a successful merger with U.S.-based competitor Zodiac, Fluidra has skillfully navigated the pandemic, shifting from lock-down damage control early in the year to a swift ramp up of global manufacturing to capitalize on a massive surge in market demand for pool products.
From David Herro (Trades, Portfolio)'s Oakmark Intl Small Cap (Trades, Portfolio) Fund fourth-quarter 2020 shareholder commentary.
