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Berî demekê, FBHS announced that it has completed the acquisition of Aqualisa Holdings (hereinafter referred to as Aqualisa) bo $160 mêlûn (li ser RMB 1.080 milyar). FBHS owns well-known bathroom brands such as Moen and ROHL. Di nîvê pêşîn ên salê de, its water innovation business had sales of $1.294 milyar (li ser RMB 8.728 milyar). The acquisition will strengthen FBHS’s global presence in the sanitary industry.
Spending about 1.08 billion yuan to acquire a British bathroom company
On August 1, dema herêmî, 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 mêlûn (hema hema RMB 1.080 milyar).
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. Jî, 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. Evdem, the company is headquartered in Westram, UK, û li ser kar dike 260 gel. 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 milyar
According to the recently released FBHS H1 2022 nûçe, pargîdanî firotan bi dest xist $4.028 milyar (hema hema RMB 27.183 milyar) ji Çile heta Hezîranê, zêdebûna 9% sal bi sal. Di heman demê de, FBHS’ EBITDA was $373 mêlûn, yek 6% decrease year-over-year.
By business, di nîvê pêşîn ê salê de, sales of FBHS’ water innovation business (plumbing business) were $1.294 milyar (hema hema RMB 8.728 milyar), kêmbûna 2% sal bi sal. Sales of the cabinet business, including bathroom cabinets, were $1.633 milyar (hema hema RMB 11.014 milyar), zêdebûna 11% sal bi sal. Sales of outdoor and security products business were $1.102 milyar (li ser RMB 7.432 milyar), zêdebûna 17% sal bi sal.
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. Lebê, 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 ji sedî.
A review of FBHS’s annual reports published since its IPO shows that the company’s sales have doubled in 10 salan. Li 2011, FBHS sales were $3.3 milyar, and have largely maintained a growth trend over the past 10 years since then. Ji 2021, FBHS sales reached $7.7 milyar, zêdebûna 26% ji sala berê. Looking ahead to 2022, FBHS expects full-year sales growth to remain in the 6.5% ber 7.5% range. Earnings per share are in the range of $6.36 ber $6.50.
Acquired more than 20 şîrketên li 50 salan
Wek şirketek mezin, 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. Dikare were gotin ku dîroka FBHS dîroka destkeftiyên brandê ye.
Li 1970, the company acquired Master Lock, a security lock company.
Li 1988, the acquisition of Aristokraft and Waterloo
Li 1990, the acquisition of Moen
Li 1998, acquired Decora, Cewher, Kemper, Schrock
Li 2002, acquired Omega
Li 2003, acquired American Lock, Therma-Tru doors
Li 2007, acquired Simonton windows, Fypon millwork products
Li 2011, listed on the New York Stock Exchange
Li 2013, acquired Wood Crafters
Li 2014, acquired Sentrysafe and sold Simonton windows
Li 2015, acquired Norcraft, sold Waterloo
Li 2016, acquired Riobel, Perrin & Rowe and established Global Plumbing Group (GPG)
Li 2017, the acquisition of Shaws, Victoria + Albert
Li 2018, the acquisition of Fiberon
Li 2020, the acquisition of Larson storm doors
Li 2022, the acquisition of Aqualisa
