iVIGA krānu rūpnīcas piegādātājs
Pirms dažām dienām, the British sanitary ware company Norcros Group (Norcros Group) announced its 2022 financial year report ended March 31. Pārskata periodā, the revenue achieved a year-on-year increase of 22.2%
Norcross is a British listed sanitary ware company headquartered in Wilmslow, England, with over 2,400 darbiniekiem.
The main products include shower head, shower room, shower tray, jaucējkrāns, bathroom accessories and other bathroom products, as well as ceramic tiles and adhesives and other related products.
Norcros Group
Norcross brands increase to 12
As of now, Norcross has 12 zīmoli. Starp tiem, 8 are in the UK market, namely Triton, Merlyn, Vado, Croydex, Abode, Johnson Tiles, Norcros Adhesives and the newly acquired Grant Westfield.
Of the 8 zīmoli, 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.
Ir 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
Saskaņā ar 2022 fiscal year report released by Norcross, from April 2021 to March 2022, the company achieved revenue of 396.3 miljons mārciņu (par 3.216 triljoni juaņu), pieaugums salīdzinājumā ar iepriekšējo gadu 22.2%;
Underlying operating profit increased by 23.7% to a record £41.8 million (aptuveni RMB 339 miljonu), with an operating profit margin of 10.5%, slightly higher than the 10.4% in fiscal 2021.
Grant Westfield production site
gada pirmajā pusē 2022, Norcross’s biggest move is to start acquiring Granfit Holdings, another British bathroom company.
In May of this year, Norcross announced the acquisition of Granfit Holdings and its subsidiary Grant Westfield for 80 miljons mārciņu (par 649 miljons juaņu).
According to the performance statistics standard, Norcross will receive an additional potential income of 12 miljons mārciņu (par 97 miljons juaņu) 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.
In 2021, Grant Westfield’s operating income will be 42.2 miljons mārciņu (par 342 miljons juaņu), uz augšu no 32.3 miljons mārciņu (par 262 miljons juaņu) iekšā 2020.
Norcross Acquisition History
In December 2004, acquired Tile Africa, a South African tile retailer;
aprīlī 2013, acquired Vado, a manufacturer of faucets, dušas, bathroom accessories and valves;
Jūnijā 2015, acquired Croydex, a manufacturer of bathroom cabinets and accessories;
In March 2016, acquired Abode, a manufacturer of faucets, sinks, showers and bathroom accessories;
Novembrī 2017, acquired Merlyn, the largest shower room and tray supplier in the UK and Ireland;
aprīlī 2019, acquired House of Plumbing, a pipe material supplier;
In May 2022, it acquired Grant Westfield, a manufacturer and distributor of bathroom waterproofing panels.
