VIGA Faucet Manufacturer 
Dibistana Karsaziyê ya Serşokê
Berî demekê, ASSA ABLOY (ASSA ABLOY), a world-renowned provider of smart locks and security solutions, announced that it will acquire the hardware and home division of Spectrum Brands Group (Kevirên sporê), a U.S. şîrket, bo $4.3 milyar (About RMB 27.741 milyar). Spectrum Brands Group owns the famous American bathroom brand Pfister (Puffy). The brand entered the China market in 2014, and it is unknown whether this acquisition will have any impact on its China business.
Spectrum Brands Group Sells Hardware and Home Business for $27.7 Milyar
Di Îlonê de 8, local time, Sweden-based global security giant ASSA ABLOY announced that it has signed a definitive agreement with Spectrum Brands Group, a publicly-traded U.S. consumer goods company. It will acquire the company’s hardware and home division (Hhi) bo $4.3 milyar (About RMB 27.7 milyar), and the deal is expected to close in the fourth quarter of 2021.
Dîmenê daxuyaniya ASSA ABLOY
The announcement stated that Spectrum Brands Group is a leading provider of residential security, berhemên avjenî û avahiyê li Amerîkaya Bakur. They provide the market with diversified products such as locks, faucet, and decorative materials. Di nav wan de, HHI is headquartered in Lake Forest, California. It employs approximately 7,500 people worldwide and has offices in the U.S., Meksîka, Çîn û Fîlîpîn. HII’s strong partnerships with a large number of customers also benefit ASSA ABLOY in this acquisition.
Spectrum Brands Group
Şîrovekirina li ser bidestxistina, ASSA ABLOY President and CEO Nico Delvaux said that it is an excellent addition to the group and will boost the company’s North American business. Vê bigire, Hilberên HHI dê pozîsyona bazarê ya Komê xurt bike û veguheztina pargîdanî berbi pêşkeftina dîjîtal ve bêtir bimeşîne.
Ji alîyek dî, David Maura, CEO of Spectrum Brands Group, noted that the sale of the HHI division is aimed at reducing the company’s debt and investing in growth. Di pêşerojê de, the company will acquire Global Pet Care and Home&Karsaziyên baxçê, dema ku dabeşkirina lênihêrîna xanî û kesane ya xwe zêde dike. Li ser sedemên firotina HHI, he noted that the division’s products are “frekansa kirînê domdar û kêm” berevajî berhemên din ên komê. He said the move would drive growth in the HHI division and “benefit consumers around the world. It is worth noting that prior to the divestment of HHI, Spectrum Brands Group also sold its Rayovac battery business in 2019 to Energizer Holdings, hilberînerek bataryayê ya cîhanî ya pêşeng.
Bathroom brands Pfister and Fortis were “packaged” for sale
It is understood that Spectrum Brands Group is a global consumer goods company. Di hilberên wê de amûrên malê hene, lênêrîna şexsî, Hardware, navmalî, pet, gardening and so on. The group’s HHI division owns Kwikset, Rîsipî, EV, Baldwin, Hardware ya neteweyî, 1 pispor, Fortis and many other brands. Berhemên wê bi giranî di qefleyên derî de ne, destikên derî, Warê sanayî, plombankirin, etc.
Dabeşa HHI tê de ye 8 markayên sereke
Di nav wan de, Pfister marqeya serşokê ya navdar a Amerîkî ye, di nav de hatî damezrandin 1910. It has more than 100 years of history now. Pfister’s Chinese name is “Puffy”. Di Gulanê de 2014, Pfister held a press conference in Shanghai to announce its entry into the Chinese market. Li heyî, it has a flagship store in Shenzhen. Li gorî agahiyên giştî yên AIC, the Pfister brand in China market is operated by Shenzhen Bosebel Household Co.
berhemên faucet Pfister
Fortis, ji alîyek dî, is an Italian brand based in the Pogno area. Fortis’ product range is similar to that of Pfister, which also focuses on faucet hardware, mainly for the middle and high-end consumer groups.
berhemên faucet Fortis
According to Spectrum Brands Group’s fiscal year 2020 rapora aborî, pargîdanî firotan bi dest xist $3.964 billion in the last fiscal year, of which the HHI division accounted for $1.342 milyar. Rapora darayî eşkere kir ku hilberên serşokê têne hesibandin 21% ji dahata beşa HHI, meaning that bathroom products contributed about $281 million in revenue.
A number of bathroom, cabinet companies have been selling business or operating rights
Roca herî dawî ragihand ku wê firotina karsaziya xwe ya kelûpelan qedandiye, the purchaser Mexico La Mossa Group to seven banks after a loan of $ 200 mêlûn, bi tevahî $ 260 million for the acquisition. Pargîdaniya serşokê ya Polonî Capricorn SA jî eşkere kir ku ew ê hemî hîseyên xwe yên belavkirî bifiroşe dêwek HVAC ya Fînlandî Uponor.. In terms of cabinetry companies, Corsi in the U.S. also recently announced the transfer of ownership of the company from Pat Corsi to Mark Earl, a transaction that became effective on August 31.
Herwisa, there are also companies that are eager to transfer their operating rights but suffer from the lack of suitable transaction objects and have to end their operations. Aşxane & Bath headlines previously reported that the German cabinet company Neue Alno had been actively looking for investors to take over the company, but the company recently said that due to the lack of a suitable transaction object. The company will end its operations at the end of September, and for some undelivered orders, the company will try to complete the delivery. It is reported that Neue Alno had previously attracted the attention of Chinese real estate giant Beyoncé, but the two sides did not finally reach cooperation. Ragihandina rawestandina operasyonan hişt ku gelek firoşyar û pisporên herêmî li Almanyayê ji rewşê aciz bibin..
Recalling the cabinet and business industry development so far this year, the divestiture of secondary business and focus on the main business has become the main reason for companies to sell subsidiaries, sub-brands. In today’s accelerated degree of industry consolidation, these are business practices and promote the growth of value in established areas. This certainly provides a new possibility for the development of the business.