Fortune Brands Home & Security (FBHS) Acquires Aqualisa

Fortune Brands Home & Security, Inc. (NYSE: FBHS) 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.

You May Also Be Interested In

• Marsh McLennan Agency (MMC) to acquire Fisher Brown Bottrell Insurance, Inc.
• Forward Air (FWRD) Appoints Shawn Stewart as CEO
• Bunge Limited (BG) and Viterra Issue Statement on Canadian Competition Bureau Report