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The holding company also bought over 400,000 shares of Pool Corp., the largest distributor of swimming pool equipment and supplies in the U.S. Both companies’ shares jumped on the news as ...
Buffett and his team also purchased just over 1% of Pool Corp. — a wholesale distributor of swimming pool supplies and related products. That position was worth $152 million at the quarter's close.
Pool Corporation was founded in 1980 as South Central Pool Supply by Frank J. St. Romain. [2] In 1993, the company was purchased by Code Hennessey's & Simmons. In 1995, the company was renamed SCP Pool Corporation and became a public company via an initial public offering. The company was renamed Pool Corporation on May 16, 2006. [3]
Of the nine patents pooled, three were particularly crucial: the lockstitch, the four-motion feed, and the combination of a vertical needle with horizontal sewing surface. [5] In addition to its four member companies, dozens of other companies licensed its patents, for which they paid royalties and submitted annual production reports.
The profile of the rail cushion, which is the cushion's angle in relation to the bed of the table, varies between table types. The standard on American pool tables is the K-66 profile, which as defined by the Billiard Congress of America (BCA) has a base of 1 + 3 ⁄ 16 inches (30 mm) and a nose height of 1 inch (25 mm). [3]
The surface of the table has the same cloth covering as a standard pool table. Two bumpers flank each pocket. [2] The remaining bumpers are arranged in a cross in the center of the table, with one line of the cross in line with the pockets. [2] At the center of the cross, there is an open space just large enough to allow a ball to pass through.
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