American Standard Brands

American Standard Brands
Private
Industry Heating, Bathroom and sanitary ware
Predecessor American Standard Companies
Founded 2007
Headquarters Piscataway, New Jersey, U.S.
Key people

Jay D. Gould, CEO

Vinod K. Kondapalli, CIO
Products Kitchen and bath fixtures, faucets and fittings; kitchen, bathing and wellness products; and bathroom furniture and accessories
Owner
  • Lixil, Corp. (majority)
  • Bain Capital Partners LLC
Website www.americanstandard-us.com

American Standard Brands is a North American manufacturer of plumbing fixtures, sold under the American Standard, Crane, Fiat, Sanymetal, and Showerite, based in Piscataway, New Jersey, United States.

The company was formed as American Standard Americas from the North American operations of the kitchen and bathroom division of the American Standard Companies during a breakup of the company in 2007. Crane Plumbing and Eljer were merger into the company in 2008 creating the group 'American Standard Brands'.

It is principally owned by Lixil, with Bain Capital Partners holding a minority stake.

History

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 included the sale of the American Standard name to Bain while American Standard retained 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 created American Standard Americas from the North American units of the bath and kitchen business units acquired from American Standard Companies.[2] Bain sold a majority stake in American Standard Americas to Sun Capital Partners on November 27, 2007.[3]

In February 2008, American Standard Americas merged with two other plumbing fixture companies, Crane Plumbing and Eljer to create American Standard Brands.[4] The Crane Plumbing unit includes the former Universal-Rundle product line which Crane continues to support with repair parts.[5] Crane also has a Canadian subsidiary Crane Plumbing Corporation.

In June 2013, the Japanese firm Lixil agreed to purchase American Standard Brands from Sun Capital Partners, thus positioning Lixil to benefit from an anticipated recovery in the American housing market.[2]

See also

References

  1. ↑ "American Standard Companies Announces Completion of Sale of Bath and Kitchen Business to Bain Capital" (Press release). Piscataway, NJ, USA: American Standard Companies. October 31, 2007. Archived from the original on November 3, 2007. Retrieved June 30, 2013.
  2. ↑ 2.0 2.1 Hagerty, James R. (June 29–30). "Toilet Maker Has New Owner". The Wall Street Journal (paper). p. B3. Check date values in: |date= (help)
  3. ↑ "Sun Capital Partners to Acquire a Majority Interest in American Standard Americas" (Press release). Boca Raton, Florida, USA: Sun Capital Partners. November 21, 2007. Archived from the original on May 6, 2009.
  4. ↑ "American Standard America, Crane Plumbing and Eljer Complete Merger, Creating a Leading North American Bath and Plumbing Company" (Press release). Piscataway, NJ, USA: American Standard. March 6, 2008. Retrieved June 29, 2013.
  5. ↑ "Company Information". americanstandard-us.com. American Standard. 2008. Archived from the original on April 20, 2008.

External links