I-VIGA Faucet Manufacturer 
Indawo yokupheka & Izihloko zokugezela
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
On 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.
Isikrini sesikrini sesimemezelo sika-Assa Abloy
Ngokusho kwesimemezelo, Pinnacle Group is a leading supplier of residential security, Amapayipi nemikhiqizo yokwakha eNyakatho Melika, offering a diverse range of products such as locks, faucets and decorative materials to the market. Headquartered in Lake Forest, Itilosi, HHI employs approximately 7,500 people worldwide and has offices in the United States, Isidumbu senza ama-Mexico, I-China nePhilippines, and ASSA ABLOY’s strong partnerships with a large number of customers will also benefit from this acquisition. Pinnacle Group
Pinnacle Group
Iphawula ngokutholwa, 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. Ngesikhathi esifanayo, Imikhiqizo ye-HHI izoqinisa isikhundla semakethe yeqembu futhi iqhubekele phambili ukuguqulwa kwenkampani ekuthuthukisweni kwedijithali.
Ngokolunye uhlangothi, 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. Esikhathini esizayo, the company will acquire the Global Pet Care and Home&Amabhizinisi Engadi, Ngenkathi kukhulisa ukwahlukaniswa kwayo kwasekhaya kanye nokunakekelwa komuntu siqu. Ngenxa yokuthengiswa kwe-HHI, he noted that the division’s products were “imvamisa yokuthenga eqinile nephansi”, Ngokungafani neminye imikhiqizo yeqembu. It said the move would drive growth in the HHI division and “benefit consumers worldwide”. Notably, the divestment of HHI follows the sale of Rayovac’s battery business to Energizer Holdings, Umkhiqizi webhethri lomhlaba oholayo, phakathi kwa- 2019.
Bathroom brands Pfister and Fortis sold in a “package”
Pfister Group is a global consumer goods company. Imikhiqizo yayo ifaka izinto zasekhaya, ukunakekelwa komuntu siqu, hardware, abomuzi bonke, pet and gardening. The HHI division of the group owns brands such as Kwikset, Umchingo, Leli, I-Baldwin, Hardware kazwelonke, Pfister and Fortis. Imikhiqizo yayo ibandakanyeka kakhulu ekukhiyeni komnyango, Umnyango Wezandla, zokugezela, ukubopha, njll.
Isigaba se-HHI sifaka 8 Imikhiqizo emikhulu
Phakathi kwazo, I-PFISTER iyi-brand eyaziwayo yaseMelika yokugezela, kusungulwe ngaphakathi 1910. It has been in existence for over 100 iminyaka. The Chinese name of Pfister is ” Piao Fei”. NgoMeyi 2014, Pfister held a launch event in Shanghai to announce its entry into the Chinese market. It currently has a flagship shop in Shenzhen. Ngokwemininingwane yomphakathi ye-AIC, the Pfister brand in China is currently operated by Shenzhen BOSBELL Household Co. The company is located in Bao’an District, Shenzhen.
Imikhiqizo ye-PFISTITRIST DAUCET
Fortis, Ngokolunye uhlangothi, 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.
I-FORTIS Faucet Products
According to Pinnacle Group’s fiscal year 2020 Umbiko Wezezimali, 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. Umbiko wezezimali uveze ukuthi imikhiqizo yangasese ibalwa 21% ye-HHI Division's Revenue Revenue, meaning that bathroom products contributed approximately US$281 million in revenue.
A number of bathrooms, cabinet companies have sold their business or operating rights
Okusanda kwenzeka, many foreign bathrooms and cabinet companies have successively sold their shares or their businesses. URoca usanda kumenyezelwa ukuthi usuqede ukuthengiswa kwebhizinisi lakhe le-tile. 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. Inkampani yeBathroom Carricorn Capricorn SA futhi yembula ukuthi izothengisa wonke amasheya akhishwe ku-Finnish HVAC Giant Ouror. 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 Agasti.
Ngaphezu kwalokho, 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 & Izihloko zokugezela, 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. Ukumenyezelwa kokuhlelwa kokusebenza kushiye abathengisi abaningi bendawo kanye nodokotela eJalimane behlenga isimo.
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, imikhiqizo engezansi. 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.