iVIGA Tap Factory Supplier
Andro vitsy lasa izay, the British sanitary ware company Norcros Group (Norcros Group) announced its 2022 financial year report ended March 31. Nandritra ny fe-potoana tatitra, the revenue achieved a year-on-year increase of 22.2%
Norcross is a British listed sanitary ware company headquartered in Wilmslow, England, miaraka amin'ny mihoatra 2,400 mpiasa.
The main products include shower head, efitra fandroana, shower tray, Faucet, bathroom accessories and other bathroom products, as well as ceramic tiles and adhesives and other related products.
Norcros Group
Norcross brands increase to 12
Hatramin'izao, Norcross has 12 marika. Anisan-dry zareo, 8 are in the UK market, namely Triton, Merlyn, Mandeha aho, Croydex, Abode, Johnson Tiles, Norcros Adhesives and the newly acquired Grant Westfield.
Ny 8 marika, 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.
Misy 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
Araka ny 2022 fiscal year report released by Norcross, from April 2021 hatramin'ny martsa 2022, ny orinasa dia nahazo ny vola miditra amin'ny 396.3 tapitrisa kilao (About 3.216 miliara yuan), fitomboan'ny taona isan-taona 22.2%;
Underlying operating profit increased by 23.7% to a record £41.8 million (eo ho eo rmb 339 TAPITRISA), with an operating profit margin of 10.5%, slightly higher than the 10.4% in fiscal 2021.
Grant Westfield production site
Amin'ny tapany voalohany amin'ny 2022, Norcross’s biggest move is to start acquiring Granfit Holdings, another British bathroom company.
Amin'ny volana Mey amin'ity taona ity, Norcross announced the acquisition of Granfit Holdings and its subsidiary Grant Westfield for 80 tapitrisa kilao (About 649 tapitrisa yuan).
According to the performance statistics standard, Norcross will receive an additional potential income of 12 tapitrisa kilao (About 97 tapitrisa 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.
In 2021, Grant Westfield’s operating income will be 42.2 tapitrisa kilao (About 342 tapitrisa yuan), avy amin'ny 32.3 tapitrisa kilao (About 262 tapitrisa yuan) in 2020.
Norcross Acquisition History
Tamin'ny Desambra 2004, acquired Tile Africa, a South African tile retailer;
Tamin'ny Aprily 2013, acquired Vado, a manufacturer of faucets, ranonorana, bathroom accessories and valves;
Tamin'ny volana Jona 2015, acquired Croydex, a manufacturer of bathroom cabinets and accessories;
Tamin'ny volana martsa 2016, acquired Abode, a manufacturer of faucets, milentika, showers and bathroom accessories;
Tamin'ny Novambra 2017, acquired Merlyn, the largest shower room and tray supplier in the UK and Ireland;
Tamin'ny Aprily 2019, acquired House of Plumbing, a pipe material supplier;
Amin'ny Mey 2022, it acquired Grant Westfield, a manufacturer and distributor of bathroom waterproofing panels.
