Sales In The First Half Of The Year Exceeded 27 Milliárd, ezermillió! This Home Giant Has Acquired Another Bathroom Company

Eredeti konyha & Bath Kitchen & Bath Headlines

Recently, FBHS announced that it has completed the acquisition of Aqualisa Holdings (hereinafter referred to as Aqualisa) for $160 millió (az RMB-ről 1.080 milliárd). 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 milliárd (az RMB-ről 8.728 milliárd). 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 millió (körülbelül RMB 1.080 milliárd).

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. Currently, the company is headquartered in Westram, Egyesült Királyság, and employs about 260 emberek. 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 milliárd

According to the recently released FBHS H1 2022 report, the company achieved sales of $4.028 milliárd (körülbelül RMB 27.183 milliárd) januártól júniusig, növekedése 9% évről évre. During the same period, FBHS’ EBITDA was $373 millió, 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 milliárd (körülbelül RMB 8.728 milliárd), csökkenése 2% évről évre. Sales of the cabinet business, including bathroom cabinets, were $1.633 milliárd (körülbelül RMB 11.014 milliárd), növekedése 11% évről évre. Sales of outdoor and security products business were $1.102 milliárd (az RMB-ről 7.432 milliárd), növekedése 17% évről évre.

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. azonban, 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 százalék.

A review of FBHS’s annual reports published since its IPO shows that the company’s sales have doubled in 10 évek. Ban ben 2011, FBHS sales were $3.3 milliárd, and have largely maintained a growth trend over the past 10 years since then. Által 2021, FBHS sales reached $7.7 milliárd, növekedése 26% from the previous year. Looking ahead to 2022, FBHS expects full-year sales growth to remain in the 6.5% nak nek 7.5% range. Earnings per share are in the range of $6.36 nak nek $6.50.

 

Acquired more than 20 cégek be 50 évek

Óriás cégként, 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. Elmondható, hogy az FBHS története a márkavásárlások története.

Ban ben 1970, the company acquired Master Lock, a security lock company.

Ban ben 1988, the acquisition of Aristokraft and Waterloo

Ban ben 1990, the acquisition of Moen

Ban ben 1998, acquired Decora, Gyémánt, Kemper, Schrock

Ban ben 2002, acquired Omega

Ban ben 2003, acquired American Lock, Therma-Tru doors

Ban ben 2007, acquired Simonton windows, Fypon millwork products

Ban ben 2011, listed on the New York Stock Exchange

Ban ben 2013, acquired Wood Crafters

Ban ben 2014, acquired Sentrysafe and sold Simonton windows

Ban ben 2015, acquired Norcraft, sold Waterloo

Ban ben 2016, acquired Riobel, Perrin & Rowe and established Global Plumbing Group (GPG)

Ban ben 2017, the acquisition of Shaws, Victoria + Albert

Ban ben 2018, the acquisition of Fiberon

Ban ben 2020, the acquisition of Larson storm doors

Ban ben 2022, the acquisition of Aqualisa