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

Bếp Nguyên Bản & Bath Kitchen & Tiêu đề phòng tắm

Gần đây, FBHS announced that it has completed the acquisition of Aqualisa Holdings (hereinafter referred to as Aqualisa) for $160 triệu (về nhân dân tệ 1.080 tỷ). 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 tỷ (về nhân dân tệ 8.728 tỷ). 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 triệu (xấp xỉ RMB 1.080 tỷ).

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. Hiện nay, the company is headquartered in Westram, UK, and employs about 260 mọi người. 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 tỷ

According to the recently released FBHS H1 2022 report, the company achieved sales of $4.028 tỷ (xấp xỉ RMB 27.183 tỷ) từ tháng Giêng đến tháng Sáu, sự gia tăng của 9% hàng năm. During the same period, FBHS’ EBITDA was $373 triệu, 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 tỷ (xấp xỉ RMB 8.728 tỷ), a decrease of 2% hàng năm. Sales of the cabinet business, including bathroom cabinets, were $1.633 tỷ (xấp xỉ RMB 11.014 tỷ), sự gia tăng của 11% hàng năm. Sales of outdoor and security products business were $1.102 tỷ (về nhân dân tệ 7.432 tỷ), sự gia tăng của 17% hàng năm.

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. Tuy nhiên, 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 phần trăm.

A review of FBHS’s annual reports published since its IPO shows that the company’s sales have doubled in 10 năm. TRONG 2011, FBHS sales were $3.3 tỷ, and have largely maintained a growth trend over the past 10 years since then. Qua 2021, FBHS sales reached $7.7 tỷ, sự gia tăng của 26% from the previous year. Looking ahead to 2022, FBHS expects full-year sales growth to remain in the 6.5% ĐẾN 7.5% range. Earnings per share are in the range of $6.36 ĐẾN $6.50.

 

Acquired more than 20 các công ty ở 50 năm

Là một công ty khổng lồ, 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. Có thể nói lịch sử của FBHS là lịch sử mua lại thương hiệu.

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

TRONG 1988, the acquisition of Aristokraft and Waterloo

TRONG 1990, the acquisition of Moen

TRONG 1998, acquired Decora, Kim cương, kemper, Schrock

TRONG 2002, acquired Omega

TRONG 2003, acquired American Lock, Therma-Tru doors

TRONG 2007, acquired Simonton windows, Fypon millwork products

TRONG 2011, listed on the New York Stock Exchange

TRONG 2013, acquired Wood Crafters

TRONG 2014, acquired Sentrysafe and sold Simonton windows

TRONG 2015, acquired Norcraft, sold Waterloo

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

TRONG 2017, the acquisition of khăn choàng, Victoria + Albert

TRONG 2018, the acquisition of Fiberon

TRONG 2020, the acquisition of Larson storm doors

TRONG 2022, the acquisition of Aqualisa