Inventory of mergers and acquisitions in the bathroom industry in the first half of 2022

1. Imex UK agent takes over two bathroom brand

On March 25th, Imex Ceramic UK, the British agent of Imex, has acquired the two brands (series) of Puraflow and Puracast from the parent company Pura Bathrooms. It is understood that Pura Bathrooms holds a 75% stake in Imex Ceramic UK.

2. ES Group acquires two U.S. bathroom companies

On March 1, ES Group, a sanitary ware company invested by European investment agency Cranemere Group, announced the completion of the acquisition of two American sanitary ware companies, MTI Baths and Aquatica. Among them, MTI Baths was established in 1988, and its main products are bathtubs, as well as artificial stone, countertops, sinks, etc.; Aquatica is a young enterprise founded only 10 years ago. Its products are also bathtubs, as well as faucets, showers, heating systems, and whirlpool systems. Even furniture, the sales model is mainly online.

3. UAE RAK acquires 100% stake in German Kludi

On March 15, RAK Ceramics, the fourth largest ceramic manufacturer in the world and the largest ceramic manufacturer in the United Arab Emirates, announced that it has signed an acquisition agreement with Kludi GmbH, a German shower system and kitchen and bathroom faucet expert, to acquire 100% equity of Kludi Group and joint venture subsidiaries for 39 million euros 49% stake in Kludi-RAK.

It is reported that Kludi Group was established in 1926 and has a history of nearly 100 years. Its headquarter is located in Menden Town, North Rhine-Westphalia, the birthplace of German sanitary ware. And the UAE has manufacturing plants.

4. German Schock acquires British 1810 and Polish Marmorin

On March 31, German sink and faucet manufacturer Schock completed the acquisition of The 1810 Company, a British sanitary ware company.

In January, Schock also acquired the Polish bathroom brand Marmorin. It is reported that Marmorin was founded in 1985 and is headquartered in Vorschowa, Poland. It mainly produces bathroom and kitchen products made of quartz composite materials, including bathtubs, washbasins, sinks, etc.

5. India’s Acrysil acquires countertop maker Sylmar

On April 6, Indian kitchen quartz sink manufacturer Acrysil Limited, through its UK subsidiary Acrysil UK, has acquired the entire stake in UK kitchen and bathroom countertop manufacturer Sylmar Technology and its parent company Tickford Orange for £11 million.

6. Norcros Group to buy 140-year-old business for £80m

On May 11, the UK’s Norcros Group said it would acquire waterproof bathroom siding designer, manufacturer and supplier Granfit Holdings and its subsidiary Grant Westfield for an enterprise value of £80 million. Granfit Holdings was established in 1881 and is headquartered in Edinburgh.

7. CMO buys online basin business clickbasin.co.uk

In June, CMO Group PLCI, the UK’s largest online building materials retailer, acquired online basin business clickbasin.co.uk for £1.25 million. This is the third M&A deal by the CMO in 18 months, after the acquisition Clickbasin.co.uk will merge with JTM Plumbing, which it acquired last year, to form plumbingsuperstore.co.uk, a large plumbing e-commerce platform.

8. UK Kartell acquires bathroom mirror brand Clear Look

On June 14, Kartell UK, a well-known British bathroom supplier, announced the completion of the acquisition of Clear Look, a bathroom mirror brand. Clear Look is an old British bathroom mirror brand with a history of more than 70 years. The mirrors produced are widely used in bathroom cabinets, washbasins and other bathroom products.

According to reports, this is the third major acquisition completed by Kartell UK in the past six months. The acquisition of Vogue UK, a radiator and towel rack specialist, was completed in December 2021, and the acquisition of cabinets, bathroom cabinets, The acquisition of Summerbridge Holdings, a maker of products such as wooden doors, and its subsidiary Humber Doors.

9. Basco acquires shower glass company GLASSource

Basco Shower Enclosures, one of the largest manufacturers of custom shower enclosures in the United States, announced the acquisition of GLASSource, a Michigan-based provider of tempered glass and shower door solutions. It is reported that Basco was established in 1955 and has three manufacturing bases in Ohio, North Carolina and Michigan.

10. Highbourne acquires online bathroom retailer Plumbworld

British online bathroom retailer Plumbworld has been acquired by the Highbourne Group, a specialist distributor of plumbing, heating and bathroom products, according to media reports. Founded in 1999, Plumbworld was acquired by The Grafton Group in 2006, and in 2018 by original founder Hickman via MBO.

11. Duravit acquires online bathroom retailer Bernstein

According to media reports, Duravit has acquired Bernstein, an online bathroom retailer, and is currently developing an e-commerce business through the online store Bernstein bathroom shop.

As competition intensifies and industry consolidation has accelerated, it is expected that more companies will strengthen their strengths through capital injections, acquisitions and other means in the future. (Source of the article: https://www.chinaweiyu.com/)