அசல் சமையலறை & Bath Kitchen & Bath Headlines
சமீபத்தில், FBHS announced that it has completed the acquisition of Aqualisa Holdings (hereinafter referred to as Aqualisa) for $160 மில்லியன் (RMB பற்றி 1.080 பில்லியன்). 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 பில்லியன் (RMB பற்றி 8.728 பில்லியன்). 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 மில்லியன் (approximately RMB 1.080 பில்லியன்).
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. மற்றும் ஐரோப்பா, 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, யுகே, and employs about 260 மக்கள். 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 பில்லியன்
According to the recently released FBHS H1 2022 report, the company achieved sales of $4.028 பில்லியன் (approximately RMB 27.183 பில்லியன்) from January to June, ஒரு அதிகரிப்பு 9% ஆண்டுக்கு ஆண்டு. During the same period, FBHS’ EBITDA was $373 மில்லியன், 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 பில்லியன் (approximately RMB 8.728 பில்லியன்), a decrease of 2% ஆண்டுக்கு ஆண்டு. Sales of the cabinet business, including bathroom cabinets, were $1.633 பில்லியன் (approximately RMB 11.014 பில்லியன்), ஒரு அதிகரிப்பு 11% ஆண்டுக்கு ஆண்டு. Sales of outdoor and security products business were $1.102 பில்லியன் (RMB பற்றி 7.432 பில்லியன்), ஒரு அதிகரிப்பு 17% ஆண்டுக்கு ஆண்டு.
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. எனினும், 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 சதவீதம்.
A review of FBHS’s annual reports published since its IPO shows that the company’s sales have doubled in 10 ஆண்டுகள். இல் 2011, FBHS sales were $3.3 பில்லியன், and have largely maintained a growth trend over the past 10 years since then. மூலம் 2021, FBHS sales reached $7.7 பில்லியன், ஒரு அதிகரிப்பு 26% from the previous year. Looking ahead to 2022, FBHS expects full-year sales growth to remain in the 6.5% செய்ய 7.5% range. Earnings per share are in the range of $6.36 செய்ய $6.50.
Acquired more than 20 companies in 50 ஆண்டுகள்
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.
இல் 1970, the company acquired Master Lock, a security lock company.
இல் 1988, the acquisition of Aristokraft and Waterloo
இல் 1990, the acquisition of மோயன்
இல் 1998, acquired Decora, Diamond, Kemper, Schrock
இல் 2002, acquired Omega
இல் 2003, acquired American Lock, Therma-Tru doors
இல் 2007, acquired Simonton windows, Fypon millwork products
இல் 2011, listed on the New York Stock Exchange
இல் 2013, acquired Wood Crafters
இல் 2014, acquired Sentrysafe and sold Simonton windows
இல் 2015, acquired Norcraft, sold Waterloo
இல் 2016, acquired Riobel, Perrin & Rowe and established Global Plumbing Group (GPG)
இல் 2017, the acquisition of Shaws, Victoria + Albert
இல் 2018, the acquisition of Fiberon
இல் 2020, the acquisition of Larson storm doors
இல் 2022, the acquisition of Aqualisa