Muuzaji wa Kiwanda cha Tap iVIGA
Jikoni asili & Jikoni ya Bafuni & Vichwa vya habari vya Bath
Hivi majuzi, FBHS announced that it has completed the acquisition of Aqualisa Holdings (hereinafter referred to as Aqualisa) kwa $160 milioni (kuhusu RMB 1.080 bilioni). FBHS owns well-known bathroom brands such as Moen and ROHL. Katika nusu ya kwanza ya mwaka, its water innovation business had sales of $1.294 bilioni (kuhusu RMB 8.728 bilioni). The acquisition will strengthen FBHS’s global presence in the sanitary industry.
Spending about 1.08 billion yuan to acquire a British bathroom company
Mnamo Agosti 1, local time, 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 kwa takriban $160 milioni (takriban RMB 1.080 bilioni).
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. Pia, with the Aqualisa acquisition, FBHS’ Water Innovation business will gain access to digital shower products across price points, technologies and regions, Kuendesha ukuaji zaidi wa biashara.
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. na Ulaya, 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. Kwa sasa, the company is headquartered in Westram, Uingereza, and employs about 260 watu. 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 bilioni
According to the recently released FBHS H1 2022 report, the company achieved sales of $4.028 bilioni (takriban RMB 27.183 bilioni) Kuanzia Januari hadi Juni, ongezeko la 9% mwaka hadi mwaka. Katika kipindi hicho, FBHS’ EBITDA was $373 milioni, a 6% decrease year-over-year.
By business, Katika nusu ya kwanza ya mwaka, sales of FBHS’ water innovation business (plumbing business) were $1.294 bilioni (takriban RMB 8.728 bilioni), kupungua kwa 2% mwaka hadi mwaka. Sales of the cabinet business, including bathroom cabinets, were $1.633 bilioni (takriban RMB 11.014 bilioni), ongezeko la 11% mwaka hadi mwaka. Sales of outdoor and security products business were $1.102 bilioni (kuhusu RMB 7.432 bilioni), ongezeko la 17% mwaka hadi mwaka.
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. Hata hivyo, 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 asilimia.
A review of FBHS’s annual reports published since its IPO shows that the company’s sales have doubled in 10 miaka. Katika 2011, FBHS sales were $3.3 bilioni, and have largely maintained a growth trend over the past 10 years since then. Na 2021, FBHS sales reached $7.7 bilioni, ongezeko la 26% kutoka mwaka uliopita. Looking ahead to 2022, FBHS expects full-year sales growth to remain in the 6.5% kwa 7.5% range. Earnings per share are in the range of $6.36 kwa $6.50.
Acquired more than 20 companies in 50 miaka
As a giant company, 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. It can be said that the history of FBHS is a history of brand acquisitions.
Katika 1970, the company acquired Master Lock, a security lock company.
Katika 1988, the acquisition of Aristokraft and Waterloo
Katika 1990, the acquisition of Moen
Katika 1998, acquired Decora, Diamond, Kemper, Schrock
Katika 2002, acquired Omega
Katika 2003, acquired American Lock, Therma-Tru doors
Katika 2007, acquired Simonton windows, Fypon millwork products
Katika 2011, listed on the New York Stock Exchange
Katika 2013, acquired Wood Crafters
Katika 2014, acquired Sentrysafe and sold Simonton windows
Katika 2015, acquired Norcraft, sold Waterloo
Katika 2016, acquired Riobel, Perrin & Rowe and established Global Plumbing Group (GPG)
Katika 2017, the acquisition of Shaws, Victoria + Albert
Katika 2018, the acquisition of Fiberon
Katika 2020, the acquisition of Larson storm doors
Katika 2022, the acquisition of Aqualisa
