Home product and security company Fortune Brands has acquired shower manufacturer Aqualisa Holdings for approximately $160 million, which is around eight times post-synergy EBIDTA.

Chief executive officer of Fortune Brands Nicholas Fink commented: “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.”

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He continued: “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.”

In the Fortune Brands Water Innovations business, Aqualisa will sit alongside House of Rohl brands, including Perrin & Rowe, Victoria+Albert, Shaws, Riobel and Moen in America.

Founded in 1976, Aqualisa is headquartered in Westerham, Kent, employs 260 people and manufactures showers and digital showering technologies, including its latest premium brand Elisa.

With the acquisition of Aqualisa, Fortune Brands will have access to an expanded shower product offering across price points, technology and geographies, driving additional growth for the combined business.

Nicholas Fink added: “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.

“We believe by leveraging our complimentary route-to-market capabilities and growing digital water platform, we can continue innovating the future of water, expand sales in the United States, U.K. and Europe, and enter new markets over time.”