$FBHS Small Acquisition
Today Fortune Brands and Home Security announced its intent to acquire Aqualisa for $160m in cash. While somewhat of a small acquisition it is in an effort to the presence of $FBHS in the UK.
The "Smart Shower" manufacturer makes a variety of temperature-controlled shower products from Shower heads to faucet taps all controlled through an app on a user's phone.
This comes a few months after $FBHS announced it would spin off its cabinets business to focus on building out the RemainCo businesses. The smallest of which is the Water Innovations segment. So overall nice to see.
Related Article Announcing Acquisition (SeekingAlpha)
Interesting concept in "smart" showers. I'm not familiar. Is the idea that you can start your shower on your iPhone while lying in bed or something? With my luck the shower head would be aimed the wrong way and I'd end up mopping the floor tile! 🚿