Fortune Brands acquires U.K.-based faucet company
DEERFIELD -- Fortune Brands Home & Security Inc. Monday said it has acquired Aqualisa Holdings Ltd., a U.K. manufacturer of smart digital shower systems.
Fortune Brands completed the acquisition on July 29 for a price of approximately $160 million, the company said.
"The Aqualisa brands are a great complement to our portfolio of smart water management offerings from Moen and our artisan products from the House of Rohl," said Nicholas Fink, chief executive officer, Fortune Brands.
Aqualisa is well-known for its premium product portfolio. With the acquisition of Aqualisa, Fortune's Water Innovations business will have access to an expanded shower product offering across price points, technology and geographies, driving additional growth for the combined business, the company said.
Aqualisa is headquartered in Westerham, U.K., with approximately 260 employees.