Jacuzzi Brands, Inc. Files Definitive Proxy Materials

  
    
  
  
    
      Jacuzzi Brands, Inc. (NYSE: JJZ), a leading global producer of 
      branded bath and plumbing products for the residential, commercial and 
      institutional markets, announced that it has filed today with the 
      Securities and Exchange Commission definitive proxy materials in 
      connection with the Company’s 2007 Annual 
      Meeting of Stockholders. At the Annual Meeting, Jacuzzi Brands’ 
      stockholders of record will consider and vote on adoption of the 
      Company's merger agreement with Apollo Management L.P., as well as the 
      election of directors and ratification of the selection of Ernst & Young 
      LLP as the independent registered public accounting firm, among other 
      things. As previously announced on October 11, 2006, Jacuzzi Brands and 
      Apollo Management entered into a definitive merger agreement under which 
      affiliates of Apollo Management would acquire all of the outstanding 
      common stock of Jacuzzi Brands for $12.50 per share in cash.
    
    
      Jacuzzi Brands’ Annual Meeting of 
      Stockholders has been scheduled for January 25, 2007 at 2:00 p.m. local 
      time at the Hilton Palm Beach Airport, 150 Australian Avenue, West Palm 
      Beach, Florida 33406. Jacuzzi Brands stockholders of record as of the 
      close of business on December 11, 2006 will be entitled to vote at the 
      Annual Meeting.
    
    
      Jacuzzi Brands’ Board of Directors approved 
      the Apollo transaction and recommends that all Jacuzzi Brands’ 
      stockholders vote "FOR" the approval of the merger agreement and the 
      merger. Jacuzzi Brands is seeking, and the merger agreement requires, 
      approval of the merger agreement and the merger by the affirmative vote 
      of the holders of a majority of the outstanding shares of the Company’s 
      common stock entitled to vote at the Annual Meeting.
    
    
      Stockholders are encouraged to read the Company's definitive proxy 
      materials in their entirety as they provide, among other things, a 
      detailed discussion of the process that led to the proposed merger and 
      the reasons behind the Board of Directors' recommendation that 
      stockholders vote “FOR” 
      the approval and adoption of the merger agreement and the merger.
    
    
      The vote of Jacuzzi Brands’ stockholders is 
      very important regardless of the number of shares of common stock they 
      own. Whether or not stockholders are able to attend the Annual Meeting 
      in person, they should complete, sign and date the proxy card and return 
      it in the prepaid and addressed envelope as soon as possible. If 
      stockholders fail to return their proxy cards, fail to attend the Annual 
      Meeting and vote in person, or fail to register their vote by telephone, 
      the effect will be that their shares will not be counted for purposes of 
      determining whether a quorum is present at the Annual Meeting and, if a 
      quorum is present, the failure to vote will have the same legal effect 
      as a vote against approval of the merger agreement and the merger.
    
    
      Stockholders who have questions about the merger, need assistance in 
      submitting their proxy or voting their shares should contact the 
      Company's proxy solicitor, Georgeson Inc., 17 State Street, New York, 
      New York 10004, Telephone: [phone] or toll-free at [phone].
    
    
      About Jacuzzi Brands
    
    
      Jacuzzi Brands, Inc., through its subsidiaries, is a global manufacturer 
      and distributor of branded bath and plumbing products for the 
      residential, commercial and institutional markets. These include 
      whirlpool baths, spas, showers, sanitary ware and bathtubs, as well as 
      professional grade drainage, water control, commercial faucets and other 
      plumbing products. Our products are marketed under our portfolio of 
      brand names, including JACUZZI®, 
      SUNDANCE®, ZURN®, 
      and ASTRACAST®. 
      Learn more at www.jacuzzibrands.com.
    
    
      Important Information for Investors 
      and Stockholders
    
    
      In connection with the proposed merger, Jacuzzi Brands filed a proxy 
      statement with the Securities and Exchange Commission on January 5, 
      2007. WE URGE INVESTORS TO READ THE PROXY STATEMENT AND ANY OTHER 
      RELEVANT DOCUMENTS TO BE FILED WITH THE SEC, BECAUSE THEY WILL CONTAIN 
      IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. The proxy statement and 
      other relevant documents may be obtained free of charge at the SEC's 
      website, www.sec.gov, or from Jacuzzi 
      Brands by directing such request to Jacuzzi Brands, Attention: Diana 
      Burton, Vice President - Investor Relations, Phillips Point – 
      West Tower, 777 South Flagler Drive, Suite 1100, West Palm Beach, FL 
      33401. Telephone: [phone].
    
    
      Jacuzzi Brands and its directors, executive officers and other members 
      of management and its employees may be deemed to be participants in the 
      solicitation of proxies from the stockholders of Jacuzzi Brands in 
      connection with the merger. Information about Jacuzzi Brands’ 
      directors and executive officers is set forth in Jacuzzi Brands’ 
      proxy statements and annual reports on Form 10-K, previously filed with 
      the SEC, and the proxy statement relating to the proposed merger.
    
    
      Disclosure Concerning 
      Forward-Looking Statements
    
    
      Any forward-looking statements made within this release, including 
      Jacuzzi Brands’ current expectations with 
      respect to the completion of the proposed transaction, future market 
      conditions, future operating results and other plans, represent 
      management’s best judgment as to what may 
      occur in the future and are intended to fall within the meaning of the 
      Private Securities Litigation Reform Act of 1995. Words such as “expects,” 
      “intends,” “plans,” 
      “projects,” “believes,” 
      “estimates,” “may,” 
      “will,” “should,” 
      “shall,” and 
      similar expressions typically identify such forward-looking statements. 
      Even though Jacuzzi Brands believes the expectations reflected in such 
      forward-looking statements are based on reasonable assumptions, it can 
      give no assurance that its expectations will be attained. In particular, 
      various economic and competitive factors, including those outside our 
      control, such as interest rates, foreign currency exchange rates, 
      inflation rates, instability in domestic and foreign financial markets, 
      terrorist acts, consumer spending patterns, energy costs and 
      availability, freight costs, availability of consumer and commercial 
      credit, adverse weather, levels of residential and commercial 
      construction, and changes in raw material and component costs, and the 
      credit worthiness of our customers, insurers, and investees, and other 
      factors contained in Jacuzzi Brands’ filings 
      with the Securities and Exchange Commission could cause our actual 
      results during future years, and other future expectations to differ 
      materially from those expressed in this press release.