American Standard Companies
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| American Standard Companies Inc. | |
|---|---|
| Fate | Renamed Trane Inc. after selling namesake plumbing supply operations. |
| Successor | Trane Inc. |
| Founded | 1872 |
| Defunct | 2007 |
| Location | Piscataway, New Jersey, USA |
| Industry | General Building Materials |
| Products | plumbing fixtures, heating and cooling equipment, automotive supplies |
| Key people | Frederic M. Poses, Chairman and CEO |
| Peak size | 61,200 employees |
| Subsidiary | Trane |
American Standard Companies, Inc. was a global manufacturer of air conditioning systems and services, bath & kitchen products and vehicle control systems. The company divested all but the air conditioning business in 2007, and renamed itself Trane.[1]
A Fortune 500 listed company with 2004 sales exceeding 9.5 billion United States dollars. The Air conditioning systems and services are sold under the Trane and American Standard brands. The previously owned bathroom and kitchen products sold under such brands as American Standard, Ideal Standard and Armitage Shanks. WABCO was the brand name for the electronic braking, stability, suspension and transmission control systems business.
Contents |
[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] Break up of American Standard
On February 1, 2007, American Standard Cos. 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..[1]
WABCO began trading as an independent company on August 1, 2007. The new stock symbol is WBC on the New York Stock Exchange.[2]
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 air conditioning products. American Standard changed its name to Trane on November 28, 2007.[3]
[edit] Management
CEO: Frederic M. Poses
