Moen Bathroom Parent Company Acquires 1 British Smart Shower Bathroom Company For $160 মিলিয়ন

Bathroom Business School

On Aug. 1, Moen Bathroom parent company FBHS Group (Fortune Brands Home & Security Inc. NYSE:FBHS) announced that it has acquired a leading British shower products manufacturer, Aqualisa Holdings Ltd.

The company said the group completed the acquisition on July 29 for approximately $160 মিলিয়ন.
The Aqualisa brand is a great addition to the Moen smart showerheads,” said Nicholas Fink, CEO of FBHS Group Brands, “Aqualisa is known for its high quality, innovative, smart shower systems. With the acquisition of Aqualisa, the FBHS Group’s bathroom offerings will be expanded to include smart shower products, driving further business growth, the company said.
Aqualisa Holdings (International) লিমিটেড. was founded in 1976 as a British shower product designer and manufacturer. The company mainly manufactures and markets showerheads and other products under the Aqualisa brand. It is headquartered in Westerham, UK, and employs approximately 260 people.
ভিতরে 2021, FBHS Group will have sales of $7.7 বিলিয়ন (approximately RMB 49 বিলিয়ন) and operating income of $1.1 বিলিয়ন (approximately RMB 7 বিলিয়ন). তাদের মধ্যে, the plumbing business is $2.761 বিলিয়ন, and the cabinet business, including bathroom cabinets and cupboards, is $2.855 বিলিয়ন.