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אָריגינעל קיך & Bath Kitchen & Bath Headlines
לעצטנס, FBHS announced that it has completed the acquisition of Aqualisa Holdings (hereinafter referred to as Aqualisa) for $160 מיליאָן (וועגן RMB 1.080 ביליאָן). FBHS owns well-known bathroom brands such as Moen and ROHL. אין דער ערשטער העלפט פון די יאָר, its water innovation business had sales of $1.294 ביליאָן (וועגן RMB 8.728 ביליאָן). The acquisition will strengthen FBHS’s global presence in the sanitary industry.
Spending about 1.08 billion yuan to acquire a British bathroom company
אויף אויגוסט 1, לאקאלע צייט, 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 מיליאָן (בעערעך RMB 1.080 ביליאָן).
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. דערווייַל, the company is headquartered in Westram, UK, and employs about 260 people. 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 ביליאָן
According to the recently released FBHS H1 2022 report, the company achieved sales of $4.028 ביליאָן (בעערעך RMB 27.183 ביליאָן) from January to June, אַ פאַרגרעסערן פון 9% יאָר-צו-יאָר. During the same period, FBHS’ EBITDA was $373 מיליאָן, a 6% decrease year-over-year.
By business, אין דער ערשטער העלפט פון די יאָר, sales of FBHS’ water innovation business (plumbing business) were $1.294 ביליאָן (בעערעך RMB 8.728 ביליאָן), אַ פאַרקלענערן פון 2% year-over-year. Sales of the cabinet business, including bathroom cabinets, were $1.633 ביליאָן (בעערעך RMB 11.014 ביליאָן), אַ פאַרגרעסערן פון 11% year-over-year. Sales of outdoor and security products business were $1.102 ביליאָן (וועגן RMB 7.432 ביליאָן), אַ פאַרגרעסערן פון 17% יאָר-צו-יאָר.
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. אָבער, 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 percent.
A review of FBHS’s annual reports published since its IPO shows that the company’s sales have doubled in 10 יאָרן. אין 2011, FBHS sales were $3.3 ביליאָן, and have largely maintained a growth trend over the past 10 years since then. By 2021, FBHS sales reached $7.7 ביליאָן, אַ פאַרגרעסערן פון 26% from the previous year. Looking ahead to 2022, FBHS expects full-year sales growth to remain in the 6.5% צו 7.5% range. Earnings per share are in the range of $6.36 צו $6.50.
Acquired more than 20 companies in 50 יאָרן
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.
אין 1970, the company acquired Master Lock, a security lock company.
אין 1988, the acquisition of Aristokraft and Waterloo
אין 1990, the acquisition of Moen
אין 1998, acquired Decora, Diamond, Kemper, Schrock
אין 2002, acquired Omega
אין 2003, acquired American Lock, Therma-Tru doors
אין 2007, acquired Simonton windows, Fypon millwork products
אין 2011, listed on the New York Stock Exchange
אין 2013, acquired Wood Crafters
אין 2014, acquired Sentrysafe and sold Simonton windows
אין 2015, acquired Norcraft, sold Waterloo
אין 2016, acquired Riobel, Perrin & Rowe and established Global Plumbing Group (GPG)
אין 2017, the acquisition of Shaws, Victoria + Albert
אין 2018, the acquisition of Fiberon
אין 2020, the acquisition of Larson storm doors
אין 2022, the acquisition of Aqualisa