|
|
| |
| |
The Building Products business group manufactures a wide range of air distribution products and systems, and bathware products (baths, shower cubicles and luxury whirlpools) for the residential construction and commercial construction industries. Its range of products places the business group as one of the largest manufacturers of air distribution products in the US. Building Products sells its products through a range of distribution channels, principally to suppliers to the construction industry, building contractors, OE manufacturers and retailers for both the new build and refurbishment sectors. Over 90% of sales are to the North American markets, but there is an increasing customer base in India, Thailand, China, Europe and the Middle East. The primary raw materials used by the business group are steel, aluminium, resin and fibreglass. |
|
|
| |
| |
 |
Air Distribution
The Air Distribution operating segment provides air distribution solutions for the HVAC industry. Products include ducting, louvres, grilles, registers, diffusers, dampers, smoke vents and chimney products. In 2009, 72.3% of the segment’s sales were made to the commercial and industrial markets, with 27.7% to the residential market. Across both the residential and non-residential markets, new build sales account for around 78% of sales, with the remainder accounted for by refurbishment.
During 2009, 93% of this segment’s products were sold in North America, with customers in the UK and India accounting for a further 5% of its sales. The majority of Air Distribution’s sales pass through manufacturers’ representatives or are sold through wholesalers. The balance of sales are made direct to OEMs, national accounts and retail customers.
Air Systems Components designs and manufactures a range of air system products for industrial, institutional and commercial applications.
Ruskin produces and markets commercial and industrial air system components. Ruskin Air Management, a UK business, supplies markets in Europe, while Ruskin Titus Gulf, our associate operation in the Middle East, markets its products in the UAE and across the Gulf region.
The Hart & Cooley Group, which includes Selkirk, supplies the residential and light commercial markets in the US, Canada and Mexico, marketing its products primarily through wholesale distributors and retail customers.
This segment was previously named ‘Air Systems Components’. |
| |
|
| |
 |
Sales |
$874.2 million |
|
| |
|
Adjusted operating margin |
8.9% |
|
| |
|
% ongoing Group sales |
21.1% |
|
|
|
|
|
|
|
|
|
|
| |
| |
|
| |
Air Distribution – Top five customers: |
|
|
|
|
|
(% of Group sales) |
|
| |
| – Tom Barrow |
0.7% |
| – York International |
0.6% |
| – Home Depot |
0.5% |
| – Norman S Wright |
0.5% |
| – Carrier Group |
0.4% |
|
|
|
|
|
|
| |
Bathware – Top five customers: |
|
|
|
|
|
(% of Group sales) |
|
| |
| – Home Depot |
0.9% |
| – Ferguson Enterprises |
0.5% |
| – WinWholesale |
0.2% |
| – Hajoca |
0.2% |
| – Morrison Supply |
0.1% |
|
|
|
|
|
|
| |
| |
| |
|
Bathware
Bathware comprises Aquatic, a leading manufacturer of bath tubs, shower enclosures and an extensive range of luxury whirlpools in the US. Aquatic manufactures around one quarter of all baths in the US. In 2009, 63.3% of Bathware’s sales were made to the residential market, with a further 26.6% made to retail customers. The remaining 10.1% of sales were to institutional customers such as hospitals and care facilities.
Bathware operates from manufacturing plants and distribution warehouses across the US with national distribution to home centres and wholesalers. It also supplies standard and customised products for hotel and resort developments internationally.
In January 2010, the operations of Lasco Bathware and Aquatic Industries were merged and renamed Aquatic.
This segment was previously named ‘Other Building Products’. |
| |
|
| |
|
Sales |
$140.3 million |
|
| |
|
Adjusted operating margin |
(6.2)% |
|
| |
|
% ongoing Group sales |
3.4% |
|
|
|
|
|
|
|
|
|
|
|
| |
|
