Fortune Brands acquires shower products manufacturer, Aqualisa for $160M

Aug. 01, 2022 9:09 AM ETFortune Brands Home & Security, Inc. (FBHS)By: Khyathi Dalal, SA News Editor
  • Fortune Brands Home & Security (NYSE:FBHS) acquired Aqualisa, U.K. manufacturer of shower products known for premium, innovative, smart digital shower systems and exceptional customer care.
  • The company completed the acquisition on July 29, 2022, for a price of ~$160M, which represents ~8 times post-synergy EBITDA.
  • "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," CEO Nicholas Fink commented.
  • With the acquisition of Aqualisa, Water Innovations will have access to an expanded shower product offering across price points, technology and geographies, driving additional growth for the combined business.

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