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Çend roj berê, the British sanitary ware company Norcros Group (Norcros Group) announced its 2022 financial year report ended March 31. Di dema raporê de, the revenue achieved a year-on-year increase of 22.2%
Norcross is a British listed sanitary ware company headquartered in Wilmslow, England, bi ser 2,400 karmendên.
The main products include shower head, odeya serşokê, shower tray, kanîk, bathroom accessories and other bathroom products, as well as ceramic tiles and adhesives and other related products.
Norcros Group
Norcross brands increase to 12
Ji aniha û pê ve, Norcross has 12 markayên. Di nav wan de, 8 are in the UK market, namely Triton, Merlyn, Ez diçim, Croydex, Abode, Johnson Tiles, Norcros Adhesives and the newly acquired Grant Westfield.
Wekî we 8 markayên, sanitary ware bathroom brands account for 6, and only Johnson Tiles and Norcros Adhesives produce tiles and adhesive products.
Among sanitary ware brands, Triton and Abode are well-known in the Chinese market.
Heye 4 brands in the South African market, including Tile Africa, Johnson Tiles South Africa, TAL and House of Plumbing. Different from the British market, the main products of the South African brand are mainly ceramic tiles, and only House of Plumbing produces bathroom products.
The revenue exceeded 3 billion yuan Last year reached a record high profit
Li gorî 2022 fiscal year report released by Norcross, from April 2021 heta Adarê 2022, şîrketa hatina bidestxistina 396.3 milyon lîre (ji dor 3.216 trîlyon yuan), sal bi sal zêdebûnek 22.2%;
Underlying operating profit increased by 23.7% to a record £41.8 million (hema hema RMB 339 mêlûn), with an operating profit margin of 10.5%, slightly higher than the 10.4% in fiscal 2021.
Grant Westfield production site
Di nîvê yekem de 2022, Norcross’s biggest move is to start acquiring Granfit Holdings, another British bathroom company.
Di Gulana îsal de, Norcross announced the acquisition of Granfit Holdings and its subsidiary Grant Westfield for 80 milyon lîre (ji dor 649 milyon yuan).
According to the performance statistics standard, Norcross will receive an additional potential income of 12 milyon lîre (ji dor 97 milyon yuan) after the acquisition is completed.
It is reported that Grant Westfield, the main subsidiary of Granfit Holdings, is headquartered in Edinburgh, and its main products are waterproof bathroom wall panels.
Li 2021, Grant Westfield’s operating income will be 42.2 milyon lîre (ji dor 342 milyon yuan), ji 32.3 milyon lîre (ji dor 262 milyon yuan) li 2020.
Norcross Acquisition History
Di Kanûnê de 2004, acquired Tile Africa, a South African tile retailer;
Di meha Nîsanê de 2013, acquired Vado, a manufacturer of faucets, showers, bathroom accessories and valves;
Di hezîranê de 2015, acquired Croydex, a manufacturer of bathroom cabinets and accessories;
Di Adarê de 2016, acquired Abode, a manufacturer of faucets, sinks, showers and bathroom accessories;
Di Mijdarê de 2017, acquired Merlyn, the largest shower room and tray supplier in the UK and Ireland;
Di meha Nîsanê de 2019, acquired House of Plumbing, a pipe material supplier;
Di Gulanê de 2022, it acquired Grant Westfield, a manufacturer and distributor of bathroom waterproofing panels.
