Sales In The First Half Of The Year Exceeded 27 ពាន់​លាន! This Home Giant Has Acquired Another Bathroom Company

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ថ្មីៗនេះ, FBHS announced that it has completed the acquisition of Aqualisa Holdings (hereinafter referred to as Aqualisa) for $160 million (អំពី RMB 1.080 ពាន់​លាន). 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 ពាន់​លាន (អំពី RMB 8.728 ពាន់​លាន). The acquisition will strengthen FBHS’s global presence in the sanitary industry.

 

Spending about 1.08 billion yuan to acquire a British bathroom company

នៅខែសីហា 1, ម៉ោង​ក្នុងស្រុក, 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 for approximately $160 million (ប្រហែល RMB 1.080 ពាន់​លាន).

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. Also, with the Aqualisa acquisition, FBHS’ Water Innovation business will gain access to digital shower products across price points, technologies and regions, driving further business growth.

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. Currently, the company is headquartered in Westram, UK, and employs about 260 people. 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 ពាន់​លាន

According to the recently released FBHS H1 2022 report, the company achieved sales of $4.028 ពាន់​លាន (ប្រហែល RMB 27.183 ពាន់​លាន) from January to June, ការកើនឡើងនៃ 9% ពីមួយឆ្នាំទៅមួយឆ្នាំ. During the same period, FBHS’ EBITDA was $373 million, a 6% decrease year-over-year.

By business, in the first half of the year, sales of FBHS’ water innovation business (plumbing business) were $1.294 ពាន់​លាន (ប្រហែល RMB 8.728 ពាន់​លាន), a decrease of 2% year-over-year. Sales of the cabinet business, including bathroom cabinets, were $1.633 ពាន់​លាន (ប្រហែល RMB 11.014 ពាន់​លាន), ការកើនឡើងនៃ 11% year-over-year. Sales of outdoor and security products business were $1.102 ពាន់​លាន (អំពី RMB 7.432 ពាន់​លាន), ការកើនឡើងនៃ 17% ពីមួយឆ្នាំទៅមួយឆ្នាំ.

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. However, 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 ភាគរយ.

A review of FBHS’s annual reports published since its IPO shows that the company’s sales have doubled in 10 ឆ្នាំ. ក្នុង 2011, FBHS sales were $3.3 ពាន់​លាន, and have largely maintained a growth trend over the past 10 years since then. By 2021, FBHS sales reached $7.7 ពាន់​លាន, ការកើនឡើងនៃ 26% from the previous year. Looking ahead to 2022, FBHS expects full-year sales growth to remain in the 6.5% ទៅ 7.5% range. Earnings per share are in the range of $6.36 ទៅ $6.50.

 

Acquired more than 20 companies in 50 ឆ្នាំ

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.

ក្នុង 1970, the company acquired Master Lock, a security lock company.

ក្នុង 1988, the acquisition of Aristokraft and Waterloo

ក្នុង 1990, the acquisition of Moen

ក្នុង 1998, acquired Decora, Diamond, Kemper, Schrock

ក្នុង 2002, acquired Omega

ក្នុង 2003, acquired American Lock, Therma-Tru doors

ក្នុង 2007, acquired Simonton windows, Fypon millwork products

ក្នុង 2011, listed on the New York Stock Exchange

ក្នុង 2013, acquired Wood Crafters

ក្នុង 2014, acquired Sentrysafe and sold Simonton windows

ក្នុង 2015, acquired Norcraft, sold Waterloo

ក្នុង 2016, acquired Riobel, Perrin & Rowe and established Global Plumbing Group (GPG)

ក្នុង 2017, the acquisition of Shaws, Victoria + Albert

ក្នុង 2018, the acquisition of Fiberon

ក្នុង 2020, the acquisition of Larson storm doors

ក្នុង 2022, the acquisition of Aqualisa