Πρωτότυπη κουζίνα & Bath Kitchen & Επικεφαλίδες Μπάνιου
Πρόσφατα, FBHS announced that it has completed the acquisition of Aqualisa Holdings (hereinafter referred to as Aqualisa) for $160 εκατομμύριο (περίπου RMB 1.080 δισεκατομμύριο). FBHS owns well-known bathroom brands such as Moen and ROHL. In the first half of the year, its water innovation business had sales of $1.294 δισεκατομμύριο (περίπου RMB 8.728 δισεκατομμύριο). The acquisition will strengthen FBHS’s global presence in the sanitary industry.
Spending about 1.08 billion yuan to acquire a British bathroom company
On August 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 for approximately $160 εκατομμύριο (περίπου RMB 1.080 δισεκατομμύριο).
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. Also, with the Aqualisa acquisition, FBHS’ Water Innovation business will gain access to digital shower products across price points, technologies and regions, driving further business growth.
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. and Europe, 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. Επί του παρόντος, the company is headquartered in Westram, UK, and employs about 260 άνθρωποι. 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 δισεκατομμύριο
According to the recently released FBHS H1 2022 report, the company achieved sales of $4.028 δισεκατομμύριο (περίπου RMB 27.183 δισεκατομμύριο) από τον Ιανουάριο έως τον Ιούνιο, μια αύξηση του 9% χρόνο με τον χρόνο. During the same period, FBHS’ EBITDA was $373 εκατομμύριο, a 6% decrease year-over-year.
By business, in the first half of the year, sales of FBHS’ water innovation business (plumbing business) were $1.294 δισεκατομμύριο (περίπου RMB 8.728 δισεκατομμύριο), a decrease of 2% χρόνο με τον χρόνο. Sales of the cabinet business, including bathroom cabinets, were $1.633 δισεκατομμύριο (περίπου RMB 11.014 δισεκατομμύριο), μια αύξηση του 11% χρόνο με τον χρόνο. Sales of outdoor and security products business were $1.102 δισεκατομμύριο (περίπου RMB 7.432 δισεκατομμύριο), μια αύξηση του 17% χρόνο με τον χρόνο.
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. Ωστόσο, 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 τοις εκατό.
A review of FBHS’s annual reports published since its IPO shows that the company’s sales have doubled in 10 χρόνια. Σε 2011, FBHS sales were $3.3 δισεκατομμύριο, and have largely maintained a growth trend over the past 10 years since then. Με 2021, FBHS sales reached $7.7 δισεκατομμύριο, μια αύξηση του 26% from the previous year. Looking ahead to 2022, FBHS expects full-year sales growth to remain in the 6.5% να 7.5% range. Earnings per share are in the range of $6.36 να $6.50.
Acquired more than 20 εταιρείες σε 50 χρόνια
Ως εταιρεία κολοσσός, 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. Μπορούμε να πούμε ότι η ιστορία της FBHS είναι μια ιστορία εξαγορών επωνυμίας.
Σε 1970, the company acquired Master Lock, a security lock company.
Σε 1988, the acquisition of Aristokraft and Waterloo
Σε 1990, the acquisition of Moen
Σε 1998, acquired Decora, Διαμάντι, Κέμπερ, Schrock
Σε 2002, acquired Omega
Σε 2003, acquired American Lock, Therma-Tru doors
Σε 2007, acquired Simonton windows, Fypon millwork products
Σε 2011, listed on the New York Stock Exchange
Σε 2013, acquired Wood Crafters
Σε 2014, acquired Sentrysafe and sold Simonton windows
Σε 2015, acquired Norcraft, sold Waterloo
Σε 2016, acquired Riobel, Perrin & Rowe and established Global Plumbing Group (GPG)
Σε 2017, the acquisition of Shaws, Victoria + Αλβερτος
Σε 2018, the acquisition of Fiberon
Σε 2020, the acquisition of Larson storm doors
Σε 2022, the acquisition of Aqualisa