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重量级! Leading US Bathroom Brand Acquired

厨房 & Bathroom Headlines

阿萨·阿布洛伊(Assa Abloy), the world’s leading provider of smart locks and security solutions, recently announced that it will acquire the hardware and home division of US company Spectrum Brands for US$4.3 billion (approximately RMB27.741 billion). Spectrum Brands owns Pfister, a leading US bathroom brand that entered the China market in 2014, and it is unknown whether the acquisition will have any impact on its China operations.

Pfister Group sells hardware and home business for RMB27.7 billion

在 8 September local time, Sweden-based global security giant ASSA ABLOY announced that it had signed a definitive agreement to acquire the hardware and home division (hhi) of US-listed consumer goods company Pinnacle Group for US$4.3 billion (approximately RMB27.7 billion). The transaction is expected to close in the fourth quarter of 2021.

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Assa Abloy公告的屏幕截图

根据公告, Pinnacle Group is a leading supplier of residential security, 北美的管道和建造产品, offering a diverse range of products such as locks, faucets and decorative materials to the market. Headquartered in Lake Forest, 加利福尼亚, HHI employs approximately 7,500 people worldwide and has offices in the United States, 墨西哥, 中国和菲律宾, and ASSA ABLOY’s strong partnerships with a large number of customers will also benefit from this acquisition. Pinnacle Group

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Pinnacle Group

评论收购, ASSA ABLOY President and CEO Nico Delvaux said it was an excellent addition to the Group and would boost the company’s North American operations. 同时, HHI的产品将加强集团的市场地位,并进一步推动公司向数字开发的过渡.

另一方面, 大卫·莫拉(David Maura), CEO of Pinnacle Group, noted that the sale of the HHI division was aimed at reducing the company’s debt and investing in growth. 将来, the company will acquire the Global Pet Care and Home&花园企业, 同时提高其房屋和个人护理部门. 关于出售HHI的原因, he noted that the division’s products were “耐用和低购买频率”, 与小组的其他产品不同. It said the move would drive growth in the HHI division andbenefit consumers worldwide”. Notably, the divestment of HHI follows the sale of Rayovac’s battery business to Energizer Holdings, 全球领先的电池制造商, 在 2019.

 

Bathroom brands Pfister and Fortis sold in apackage

Pfister Group is a global consumer goods company. 它的产品包括家用电器, 个人护理, 硬件, 家庭, pet and gardening. The HHI division of the group owns brands such as Kwikset, 明智的, EME, 鲍德温, 国家硬件, Pfister and Fortis. 它的产品主要参与门锁, 门把手, bathrooms, 管道, ETC.

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HHI部门包括 8 主要品牌

他们之中, Pfister是著名的美国浴室品牌, 建立在 1910. It has been in existence for over 100 年. The Chinese name of Pfister isPiao Fei”. 在五月 2014, Pfister held a launch event in Shanghai to announce its entry into the Chinese market. It currently has a flagship shop in Shenzhen. 根据AIC的公共信息, the Pfister brand in China is currently operated by Shenzhen BOSBELL Household Co. The company is located in Bao’an District, 深圳.

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Pfister水龙头产品

富斯, 另一方面, is an Italian brand based in the Pogno region. The Fortis product range is similar to that of Pfister and also focuses on faucet hardware. It focuses on the middle to high-end consumer segment.

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Fortis水龙头产品

According to Pinnacle Group’s fiscal year 2020 财务报告, the company achieved sales of US$3,964 million in the previous fiscal year, of which the HHI division accounted for US$1,342 million. 财务报告显示,浴室产品占 21% HHI部门的收入, meaning that bathroom products contributed approximately US$281 million in revenue.

 

A number of bathrooms, cabinet companies have sold their business or operating rights

最近, many foreign bathrooms and cabinet companies have successively sold their shares or their businesses. Roca最近宣布已完成其瓷砖业务的销售. The purchaser, the Mexican La Mossa Group, made the acquisition for a total of US$260 million after taking out loans of US$200 million from seven banks. 波兰浴室公司摩ri座SA还透露,它将出售其所有已发行股票. As for cabinetry companies, US-based Corsi also recently announced the transfer of ownership of the company from Pat Corsi to Mark Earl in a transaction that took effect on 31 八月.

此外, there are also companies that are keen to transfer their operations but have had to end their operations due to the lack of a suitable transaction partner. As previously reported by Kitchen & Bathroom Headlines, German cabinetry company Neue Alno had been actively looking for an investor to take over the company, but the company recently said that it had no suitable candidate for the deal. The company will end operations at the end of September and for some undelivered orders, the company will try to complete delivery. Neue Alno is said to have previously attracted the attention of Chinese real estate giant Beyoncé, but in the end the two sides did not reach a partnership. 停止行动的宣布使德国的许多当地经销商和从业人员感到困惑.

Review of the cabinetry, business industry development so far this year, divest secondary business and focus on the main business to become the main reason for companies to sell subsidiaries, 子品牌. In the industry consolidation degree accelerated today, these have done subtractions for business operations and promote the practice of value growth in established areas. This undoubtedly provides a new possibility for the development of enterprises.

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