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Na nso nso a, FBHS announced that it has completed the acquisition of Aqualisa Holdings (hereinafter referred to as Aqualisa) nke $160 nde (Banyere RMB 1.080 njeri). FBHS owns well-known bathroom brands such as Moen and ROHL. In the first half of the year, its water innovation business had sales of $1.294 njeri (Banyere RMB 8.728 njeri). The acquisition will strengthen FBHS’s global presence in the sanitary industry.
Spending about 1.08 billion yuan to acquire a British bathroom company
Na Ọgọst 1, oge ime obodo, 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 maka odika $160 nde (odika rmb 1.080 njeri).
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. Ọzọkwa, with the Aqualisa acquisition, Fbh’ Water Innovation business will gain access to digital shower products across price points, technologies and regions, na-akwọ ụgbọ ahịa karịa.
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. na 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. Ugbu a, the company is headquartered in Westram, Uki, na ọrụ 260 ndị mmadụ. 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.
First-half sales of approximately $27.183 njeri
According to the recently released FBHS H1 2022 report, the company achieved sales of $4.028 njeri (odika rmb 27.183 njeri) Site na Jenụwarị ruo June, mmụba nke 9% afọ. During the same period, Fbh’ EBITDA was $373 nde, a 6% decrease year-over-year.
By business, in the first half of the year, sales of FBHS’ water innovation business (plumbing business) nọ $1.294 njeri (odika rmb 8.728 njeri), mbelata nke 2% year-over-year. Sales of the cabinet business, tinyere ụlọ ịsa ahụ, nọ $1.633 njeri (odika rmb 11.014 njeri), mmụba nke 11% year-over-year. Sales of outdoor and security products business were $1.102 njeri (Banyere RMB 7.432 njeri), mmụba nke 17% afọ.
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. Agbanyeghị, 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 pasent.
A review of FBHS’s annual reports published since its IPO shows that the company’s sales have doubled in 10 afọ. N'ime 2011, FBHS sales were $3.3 njeri, and have largely maintained a growth trend over the past 10 years since then. Site 2021, FBHS sales reached $7.7 njeri, mmụba nke 26% from the previous year. Looking ahead to 2022, FBHS expects full-year sales growth to remain in the 6.5% ka 7.5% range. Earnings per share are in the range of $6.36 ka $6.50.
Acquired more than 20 companies in 50 afọ
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.
N'ime 1970, the company acquired Master Lock, a security lock company.
N'ime 1988, the acquisition of Aristokraft and Waterloo
N'ime 1990, the acquisition of Moen
N'ime 1998, acquired Decora, Diamond, Kemper, Schrock
N'ime 2002, acquired Omega
N'ime 2003, acquired American Lock, Therma-Tru doors
N'ime 2007, acquired Simonton windows, Fypon millwork products
N'ime 2011, listed on the New York Stock Exchange
N'ime 2013, acquired Wood Crafters
N'ime 2014, acquired Sentrysafe and sold Simonton windows
N'ime 2015, acquired Norcraft, sold Waterloo
N'ime 2016, acquired Riobel, Perrin & Rowe and established Global Plumbing Group (GPG)
N'ime 2017, the acquisition of Shaws, Victoria + Albert
N'ime 2018, the acquisition of Fiberon
N'ime 2020, the acquisition of Larson storm doors
N'ime 2022, the acquisition of Aqualisa
