Fortune Brands Acquires Aqualisa
Fortune Brands Home & Security, Inc. (the “Company”, or “Fortune Brands”), an industry-leading home and security products company, today announced it has acquired Aqualisa Holdings (International) Ltd. (“Aqualisa”). Aqualisa is a leading U.K. manufacturer of shower products known for premium, innovative, smart digital shower systems and exceptional customer care.
“Fortune Brands has long been a brand and innovation leader. As we continue to evolve, we are proactively positioning our Company for a future of increased brand and innovation strength and accelerated growth,” said Nicholas Fink, chief executive officer, Fortune Brands. “This exciting acquisition helps advance our key strategic focus on the super-charged categories in water. As part of our Fortune Brands Water Innovations business, Aqualisa will enable us to continue to leverage powerful growth accelerants in water management, connected products and global sustainability. These categories present tremendous opportunities for our Company, and Aqualisa’s portfolio of digital, premium showering products will enhance our ability to capture that upside.”
Aqualisa, a recognized innovator with strength in digital shower technologies, is also well-known for its premium product portfolio. With the acquisition of Aqualisa, Water Innovations will have access to an expanded shower product offering across price points, technology and geographies, driving additional growth for the combined business.
“The Aqualisa brands are a great complement to our portfolio of smart water management offerings from Moen and our artisan products from the House of Rohl. We believe by leveraging our complimentary route-to-market capabilities and growing digital water platform, we can continue innovating the future of water, expand sales in the United States, U.K. and Europe, and enter new markets over time,” said Fink.
Founded in 1976, Aqualisa Holdings (International) Ltd. is a leading U.K.-based designer and manufacturer of smart and digital shower products. The company is the leading digital shower brand in the U.K. with a strong reputation for quality and innovation. The company produces and distributes shower products primarily under the Aqualisa brand. Aqualisa is headquartered in Westerham, U.K., with approximately 260 associates.
Fortune Brands completed the acquisition on July 29, 2022, for a price of approximately $160 million, which represents roughly 8 times post-synergy EBITDA.
About Fortune Brands
Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in Deerfield, IL., is a Fortune 500 company, part of the S&P 500 Index and a leader in the home products industry. With trusted brands and market leadership positions in each of its three operating segments, Water Innovations, Outdoors & Security, and Cabinets, Fortune Brands’ 28,000 associates work with a purpose to fulfill the dreams of home. The Company’s growing portfolio of complementary businesses and innovative brands includes Moen and the House of Rohl within Water Innovations; outdoor living and security products from Therma-Tru, LARSON, Fiberon, Master Lock and SentrySafe; and MasterBrand Cabinets’ wide-ranging offerings from MANTRA, Diamond, Omega and many more. Visit www.FBHS.com to learn more about FBHS, its brands and how the Company is accelerating its environmental, social and governance (“ESG”) commitments.
Matthew Skelly – Investor Contact – firstname.lastname@example.org – (847) 484-4573
Source: Fortune Brands Home & Security, Inc.