iVIGA Tap Factory Kaiwhakarato
A few days ago, the British sanitary ware company Norcros Group (Norcros Group) announced its 2022 financial year report ended March 31. I roto i te wa purongo, the revenue achieved a year-on-year increase of 22.2%
Norcross is a British listed sanitary ware company headquartered in Wilmslow, I Ingarangi, with over 2,400 kaimahi.
The main products include shower head, ruma kaukau, shower tray, kōrere, bathroom accessories and other bathroom products, as well as ceramic tiles and adhesives and other related products.
Norcros Group
Norcross brands increase to 12
I tenei wa, Norcross has 12 brands. I roto ia ratou, 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 brands, 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.
Kei reira 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
E ai ki nga 2022 fiscal year report released by Norcross, from April 2021 ki Maehe 2022, te kamupene tutuki moni o 396.3 miriona pauna (mō 3.216 piriona yuan), a year-on-year increase of 22.2%;
Underlying operating profit increased by 23.7% to a record £41.8 million (Tata ki te RMB 339 miriona), with an operating profit margin of 10.5%, slightly higher than the 10.4% in fiscal 2021.
Grant Westfield production site
In the first half of 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 miriona pauna (mō 649 miriona yuan).
According to the performance statistics standard, Norcross will receive an additional potential income of 12 miriona pauna (mō 97 miriona 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.
I roto 2021, Grant Westfield’s operating income will be 42.2 miriona pauna (mō 342 miriona yuan), up from 32.3 miriona pauna (mō 262 miriona yuan) i roto 2020.
Norcross Acquisition History
In December 2004, acquired Tile Africa, a South African tile retailer;
I Aperira 2013, acquired Vado, a manufacturer of faucets, nga ua, bathroom accessories and valves;
In June 2015, acquired Croydex, a manufacturer of bathroom cabinets and accessories;
In March 2016, acquired Abode, a manufacturer of faucets, sinks, showers and bathroom accessories;
I te Whiringa-a-rangi 2017, acquired Merlyn, the largest shower room and tray supplier in the UK and Ireland;
I Aperira 2019, acquired House of Plumbing, a pipe material supplier;
In May 2022, it acquired Grant Westfield, a manufacturer and distributor of bathroom waterproofing panels.
