American Standard Brands
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| American Standard Brands | |
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| Type | Private |
| Founded | 1872 |
| Headquarters | Piscataway Township, New Jersey, USA |
| Key people | Donald C. Devine, CEO |
| Industry | plumbing fixtures |
| Products | kitchen and bath fixtures, faucets and fittings; kitchen, bathing and wellness products; and bathroom furniture and accessories |
| Website | www.americanstandard-us.com |
American Standard Brands is a closely held manufacturer of plumbing fixtures, sold under the American Standard, Crane, Fiat, Sanymetal, Showerite and Eljer brand names, based in Piscataway Township, New Jersey, United States. It is principally owned by Sun Capital Partners with Bain Capital Partners holding a minority stake. Bain Capital Partners owns a related and formerly co-owned plumbing fixture company, Ideal Standard which operates outside North America.
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[edit] History
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The "American Standard" brand name dates to 1929 when Standard Sanitary Corporation (founded 1875) merged with the American Radiator Company (founded 1892).
In 1999, American Standard purchased control of the U.K. based Armitage Shanks and Ceramica Dolomite of Italy from Blue Circle Industries for 430 million United States dollars.
[edit] American Standard breakup and formation of American Standard Americas
On February 1, 2007, American Standard Companies announced it would break up its three divisions. The plan included the sale of its kitchen and bath division and spin off WABCO, American Standard's vehicle controls division, while retaining The Trane Company.
On October 31, 2007 American Standard Cos. announced it had completed the sale of the kitchen and bath division to Bain Capital Partners, LLC. This announcement includes the sale of the American Standard name to Bain while American Standard retains the rights to use the "American Standard" name for HVAC products. American Standard changed its name to Trane on November 28, 2007.[1]
Bain Capital Partners created American Standard Americas which sold a majority stake in the company to Sun Capital Partners on November 27, 2007.[2]
[edit] Creation of American Standard Brands
On February 2007, American Standard Americas merged with two other plumbing fixture companies, Crane Plumbing and Eljer to create American Standard Brands. The Crane Plumbing unit includes the former Universal-Rundle product line which Crane continues to support with repair parts.[3][4] Crane also has a Canadian subsidiary.
