Norcros Sanitary Ware Group: Over 3 billion in revenue and 12 major brands

Чанд рӯз пеш, the British sanitary ware company Norcros Group (Norcros Group) announced its 2022 financial year report ended March 31. During the reporting period, 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 коргарон.

The main products include shower head, shower room, shower tray, крани обӣ, 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 brands. Дар байни онҳо, 8 are in the UK market, namely Triton, Merlyn, Ман меравам, 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.

Ҳастанд 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

Мувофики 2022 fiscal year report released by Norcross, from April 2021 То март 2022, the company achieved revenue of 396.3 миллион фунт (дар бораи 3.216 миллиард юан), Афзоиши яксола 22.2%;

Underlying operating profit increased by 23.7% to a record £41.8 million (тақрибан RMB 339 миллион), with an operating profit margin of 10.5%, slightly higher than the 10.4% in fiscal 2021.

Grant Westfield production site

Дар нимаи аввали 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 миллион фунт (дар бораи 649 миллион юан).

According to the performance statistics standard, Norcross will receive an additional potential income of 12 миллион фунт (дар бораи 97 миллион юан) 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.
Дар 2021, Grant Westfield’s operating income will be 42.2 миллион фунт (дар бораи 342 миллион юан), аз 32.3 миллион фунт (дар бораи 262 миллион юан) дар 2020.

Norcross Acquisition History

In December 2004, acquired Tile Africa, a South African tile retailer;

Дар моҳи апрел 2013, acquired Vado, a manufacturer of faucets, борон меборад, bathroom accessories and valves;

Дар моҳи июн 2015, acquired Croydex, a manufacturer of bathroom cabinets and accessories;

In March 2016, acquired Abode, a manufacturer of faucets, sinks, showers and bathroom accessories;

In November 2017, acquired Merlyn, the largest shower room and tray supplier in the UK and Ireland;

Дар моҳи апрел 2019, acquired House of Plumbing, a pipe material supplier;

In May 2022, it acquired Grant Westfield, a manufacturer and distributor of bathroom waterproofing panels.