VIGA Faucet Manufacturer 
Faleta'ele Aoga Pisinisi
Talu ai nei, 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 (Fa'ailoga Alaleo), a U.S. kamupani, mo $4.3 piliona (E uiga i le RMB 27.741 piliona). 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 Piliona
Ia Setema 8, taimi fa'apitonu'u, 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) mo $4.3 piliona (E uiga i le RMB 27.7 piliona), and the deal is expected to close in the fourth quarter of 2021.
Ata o le fa'aaliga a ASSA ABLOY
The announcement stated that Spectrum Brands Group is a leading provider of residential security, palama ma oloa faufale i Amerika i Matu. They provide the market with diversified products such as locks, falai, and decorative materials. Ia i latou, HHI is headquartered in Lake Forest, Kalefonia. It employs approximately 7,500 people worldwide and has offices in the U.S., Mesiko, Saina ma Filipaina. HII’s strong partnerships with a large number of customers also benefit ASSA ABLOY in this acquisition.
Spectrum Brands Group
Fa'amatalaga i le mauaina, 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. I le taim lava lena, O oloa a le HHI o le a faʻamalosia ai le tulaga o maketi a le Vaega ma faʻateleina ai le suiga o le kamupani i le atinaʻeina numera.
Ae o lesi foi itu, Tavita 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. I le lumanai, the company will acquire Global Pet Care and Home&Pisinisi fa'ato'aga, a'o fa'ateleina lona fale ma le vaega o tausiga a le tagata lava ia. I luga o mafuaʻaga mo le faʻatau atu o le HHI, he noted that the division’s products are “umi ma maualalo taimi faatau” e le pei o isi oloa a le vaega. 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, ose ta'uta'ua le lalolagi gaosi ma'a.
Bathroom brands Pfister and Fortis were “packaged” for sale
It is understood that Spectrum Brands Group is a global consumer goods company. O ana oloa e aofia ai masini fale, tausiga patino, togafiti, aiga, pet, gardening and so on. The group’s HHI division owns Kwikset, Atamai, LENEI, Baldwin, National Hardware, Au Pfuster, Fortis and many other brands. O ana oloa e tele lava ina aafia i loka faitotoa, 'au o faitoto'a, Faletalimalo, faiva, ma isi.
O le vaega HHI e aofia ai 8 fa'ailoga tetele
Ia i latou, O le Pfister o se ta'uta'ua ta'uta'ua Amerika faleta'ele, faatuina i totonu 1910. E sili atu nai lo 100 years of history now. Pfister’s Chinese name is “Puffy”. I Me 2014, Pfister held a press conference in Shanghai to announce its entry into the Chinese market. I le taimi nei, it has a flagship store in Shenzhen. E tusa ai ma faʻamatalaga lautele a le AIC, the Pfister brand in China market is operated by Shenzhen Bosebel Household Co.
Pfister faucet oloa
Fortis, ae o lesi foi itu, 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.
Fortis faucet oloa
According to Spectrum Brands Group’s fiscal year 2020 lipoti tau tupe, the company achieved sales of $3.964 billion in the last fiscal year, of which the HHI division accounted for $1.342 piliona. O le lipoti tau tupe na faaalia ai o oloa faletaele na mafua ai 21% o tupe maua a le vaega o le HHI, meaning that bathroom products contributed about $281 million in revenue.
A number of bathroom, cabinet companies have been selling business or operating rights
Na faʻailoa talu ai nei e Roca ua maeʻa le faʻatau atu o lana pisinisi tile, the purchaser Mexico La Mossa Group to seven banks after a loan of $ 200 miliona, Aofai o $ 260 million for the acquisition. Na faaalia foi e le kamupani faletaele Polani Capricorn SA o le a ia faatauina atu uma ana sea tuʻuina atu i Finnish HVAC giant 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.
I le male, 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. Umukuka & 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. O le faʻasalalauga o le faʻamutaina o gaioiga na mafua ai ona faʻanoanoa le toʻatele o tagata faʻatau ma fomaʻi i Siamani i le tulaga..
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, igoa laiti. 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.