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Récemment, FBHS announced that it has completed the acquisition of Aqualisa Holdings (hereinafter referred to as Aqualisa) pour $160 million (à propos du RMB 1.080 milliard). FBHS owns well-known bathroom brands such as Moen and ROHL. Au premier semestre, its water innovation business had sales of $1.294 milliard (à propos du RMB 8.728 milliard). The acquisition will strengthen FBHS’s global presence in the sanitary industry.
Spending about 1.08 billion yuan to acquire a British bathroom company
En août 1, heure locale, FBHS announced that it has acquired Aqualisa, a British bathroom brand known for its innovative and intelligent shower systems and customer service. The acquisition was completed on July 29 pendant environ $160 million (environ RMB 1.080 milliard).
Nicholas Fink, CEO of FBHS, said the acquisition is a key strategy for the company in the water sector. As a member of the Water Innovation business, Aqualisa will enable the company to provide strong momentum in water management, connected products and global sustainability. Aussi, with the Aqualisa acquisition, FBHS’ Water Innovation business will gain access to digital shower products across price points, technologies and regions, stimuler la croissance de l'entreprise.
Nicholas Fink also said that Aqualisa is a great addition to the company’s bathroom brands such as Moen and ROHL. They will leverage strong marketing capabilities and a continuously growing water innovation platform to expand sales in the U.S., U.K. and Europe, and enter new markets in the future.
According to public information, Aqualisa was founded in 1976 and is a leading manufacturer of intelligent shower products. It has a strong reputation in the UK market for shower products manufactured and marketed primarily under the Aqualisa brand. Actuellement, the company is headquartered in Westram, ROYAUME-UNI, and employs about 260 personnes. As previously reported, Aqualisa replaced its chief executive officer not long ago. Mat Norris has replaced Colin Sykes, who had held the position since 2018. The latter will continue to serve as a non-executive director and strategic advisor to the company.
Un chiffre d'affaires semestriel d'environ $27.183 milliard
According to the recently released FBHS H1 2022 report, the company achieved sales of $4.028 milliard (environ RMB 27.183 milliard) de janvier à juin, une augmentation de 9% année après année. Durant la même période, FBHS’ EBITDA was $373 million, un 6% decrease year-over-year.
By business, au premier semestre, sales of FBHS’ water innovation business (plumbing business) were $1.294 milliard (environ RMB 8.728 milliard), une diminution de 2% année après année. Sales of the cabinet business, y compris les armoires de salle de bain, were $1.633 milliard (environ RMB 11.014 milliard), une augmentation de 11% année après année. Sales of outdoor and security products business were $1.102 milliard (à propos du RMB 7.432 milliard), une augmentation de 17% année après année.
In its semi-annual report, FBHS mentioned price adjustment measures, saying that it delivered strong results in the second quarter as inflation was fully offset by price and cost-related measures. They also said that sales of outdoor and safety products and cabinet products all grew, driven by these measures. Cependant, sales in the Water Innovations business declined 6 percent in the second quarter due to the impact of the outbreak-related shutdown in China, and when China is removed, Water Innovations sales had a 4 percent growth rate and an operating margin of approximately 24.9 pour cent.
A review of FBHS’s annual reports published since its IPO shows that the company’s sales have doubled in 10 années. Dans 2011, FBHS sales were $3.3 milliard, and have largely maintained a growth trend over the past 10 years since then. Par 2021, FBHS sales reached $7.7 milliard, une augmentation de 26% de l'année précédente. Looking ahead to 2022, FBHS expects full-year sales growth to remain in the 6.5% à 7.5% range. Earnings per share are in the range of $6.36 à $6.50.
Acquired more than 20 companies in 50 années
As a giant company, although FBHS is not as well known in China as subsidiaries such as Moen and ROHL, the development of this company is a typical example of the growth of the home industry through acquisition. It can be said that the history of FBHS is a history of brand acquisitions.
Dans 1970, the company acquired Master Lock, a security lock company.
Dans 1988, the acquisition of Aristokraft and Waterloo
Dans 1990, the acquisition of Moen
Dans 1998, acquired Decora, Diamant, Kemper, Schrock
Dans 2002, acquired Omega
Dans 2003, acquired American Lock, Therma-Tru doors
Dans 2007, acquired Simonton windows, Fypon millwork products
Dans 2011, listed on the New York Stock Exchange
Dans 2013, acquired Wood Crafters
Dans 2014, acquired Sentrysafe and sold Simonton windows
Dans 2015, acquired Norcraft, sold Waterloo
Dans 2016, acquired Riobel, Perrin & Rowe and established Global Plumbing Group (GPG)
Dans 2017, the acquisition of Shaws, Victoria + Albert
Dans 2018, the acquisition of Fiberon
Dans 2020, the acquisition of Larson storm doors
Dans 2022, the acquisition of Aqualisa
