British shower manufacturer Aqualisa has been acquired by Fortune Brands Home & Security, Inc (NYSE: FBHS) from mid-market private equity firm LDC. Aqualisa will be part of the Fortune Brands’ Water Innovations business unit, alongside the powerful Moen® brand and artisan brand offerings from the House of Rohl.
The acquisition underscores Fortune Brands’ strategic focus on water management, connected products and global sustainability.
Fortune Brands Home & Security, Inc. (NYSE: FBHS), is headquartered in Deerfield, IL., and is a Fortune 500 company, part of the S&P 500 Index and a leader in the home products industry. It’s market positions occupy three operating segments, Water Innovations, Outdoors & Security, and Cabinets, Fortune Brands’ 28,000 associates work with a purpose to fulfill the dreams of home.
Mat Norris, CEO at Aqualisa, stated, “Fortune Brands has a proven track record of investing in brands, innovation and people. As part of Fortune Brands, we are excited for how we can enhance our service to our customers, trade professionals, partners and consumers. Now, we will have even more opportunities to pursue our mission of sustainably innovating the ultimate shower experience for generations to come. I want to thank our team members, our customers, and our investors LDC for their dedication and support.”
“We are proactively positioning Fortune Brands for a future of increased brand and innovation strength and accelerated growth. With Aqualisa, we are gaining complementary brands and additional innovation capabilities, and we are advancing our key strategic focus on the super-charged categories in water. Aqualisa is a great fit within our business, and I look forward to what we will do together,” said Fortune Brands CEO, Nicholas Fink.
“Fortune Brands has long been a brand and innovation leader. As we continue to evolve, we are proactively positioning our Company for a future of increased brand and innovation strength and accelerated growth,” said Nicholas Fink, chief executive officer, Fortune Brands.
“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. These categories present tremendous opportunities for our Company, and Aqualisa’s portfolio of digital, premium showering products will enhance our ability to capture that upside.”
Founded in 1977, Aqualisa is a leading designer, developer and producer of shower products. The company claim it invented the world’s first digital shower and is known for its commitment to innovation and new product development, particularly in the smart bathroom category.