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

ເຮືອນຄົວຕົ້ນສະບັບ & Bath Kitchen & ຫົວຂໍ້ອາບນໍ້າ

ເມື່ອບໍ່ດົນມານີ້, FBHS announced that it has completed the acquisition of Aqualisa Holdings (hereinafter referred to as Aqualisa) for $160 ລ້ານ (ກ່ຽວກັບ RMB 1.080 ຕື້). 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 ຕື້ (ກ່ຽວກັບ RMB 8.728 ຕື້). 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 ລ້ານ (ປະມານ RMB 1.080 ຕື້).

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. ນອກຈາກນີ້, 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. ແລະເອີຣົບ, 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. ໃນປັດຈຸບັນ, the company is headquartered in Westram, UK, and employs about 260 ຄົນ. 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 ຕື້

According to the recently released FBHS H1 2022 report, the company achieved sales of $4.028 ຕື້ (ປະມານ RMB 27.183 ຕື້) ຈາກເດືອນມັງກອນຫາເດືອນມິຖຸນາ, ການເພີ່ມຂຶ້ນຂອງ 9% ປີຕໍ່ປີ. ໃນລະຫວ່າງໄລຍະເວລາດຽວກັນ, FBHS’ EBITDA was $373 ລ້ານ, a 6% decrease year-over-year.

By business, ໃນເຄິ່ງທໍາອິດຂອງປີ, sales of FBHS’ water innovation business (plumbing business) were $1.294 ຕື້ (ປະມານ RMB 8.728 ຕື້), ການຫຼຸດລົງຂອງ 2% ປີຕໍ່ປີ. Sales of the cabinet business, including bathroom cabinets, were $1.633 ຕື້ (ປະມານ RMB 11.014 ຕື້), ການເພີ່ມຂຶ້ນຂອງ 11% ປີຕໍ່ປີ. Sales of outdoor and security products business were $1.102 ຕື້ (ກ່ຽວກັບ RMB 7.432 ຕື້), ການເພີ່ມຂຶ້ນຂອງ 17% ປີຕໍ່ປີ.

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. ແນວໃດກໍ່ຕາມ, 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 ເປີເຊັນ.

A review of FBHS’s annual reports published since its IPO shows that the company’s sales have doubled in 10 ປີ. ໃນ 2011, FBHS sales were $3.3 ຕື້, and have largely maintained a growth trend over the past 10 years since then. ໂດຍ 2021, FBHS sales reached $7.7 ຕື້, ການເພີ່ມຂຶ້ນຂອງ 26% ຈາກປີທີ່ຜ່ານມາ. Looking ahead to 2022, FBHS expects full-year sales growth to remain in the 6.5% ກັບ 7.5% range. Earnings per share are in the range of $6.36 ກັບ $6.50.

 

Acquired more than 20 ບໍລິສັດໃນ 50 ປີ

ເປັນບໍລິສັດຍັກໃຫຍ່, 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. ມັນສາມາດເວົ້າໄດ້ວ່າປະຫວັດສາດຂອງ FBHS ແມ່ນປະຫວັດສາດຂອງການຊື້ຍີ່ຫໍ້.

ໃນ 1970, the company acquired Master Lock, a security lock company.

ໃນ 1988, the acquisition of Aristokraft and Waterloo

ໃນ 1990, the acquisition of ມຽນ

ໃນ 1998, acquired Decora, ເພັດ, ເຄມເປີ, Schrock

ໃນ 2002, acquired Omega

ໃນ 2003, acquired American Lock, Therma-Tru doors

ໃນ 2007, acquired Simonton windows, Fypon millwork products

ໃນ 2011, listed on the New York Stock Exchange

ໃນ 2013, acquired Wood Crafters

ໃນ 2014, acquired Sentrysafe and sold Simonton windows

ໃນ 2015, acquired Norcraft, sold Waterloo

ໃນ 2016, acquired Riobel, ເປີລິນ & Rowe and established Global Plumbing Group (GPG)

ໃນ 2017, the acquisition of Shaws, Victoria + Albert

ໃນ 2018, the acquisition of Fiberon

ໃນ 2020, the acquisition of Larson storm doors

ໃນ 2022, the acquisition of Aqualisa