Fortune Brands Acquires UK-Based Aqualisa For $160M

Fortune Brands Home & Security Inc FBHS has acquired Aqualisa Holdings (International) Ltd., a manufacturer of shower products, for ~$160 million.
Founded in 1976, Aqualisa is headquartered in Westerham, U.K., with ~260 associates.
FBHS noted the purchase price represents roughly 8 times post-synergy EBITDA.
“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,” commented Nicholas Fink, CEO of Fortune Brands.
Fortune Brands completed the acquisition on July 29, 2022.
FBHS held cash and equivalents of $364.6 million as of June 30, 2022.
Price Action: FBHS shares are trading lower by 0.20% at $69.54 on the last check Monday.
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