American Standard Sells British Bath Unit
Buyer RS Building Products is a private equity company established last November to acquire companies in the commercial washrooms market.
Last February, American Standard announced it would sell its $2.4 billion Bath
and Kitchen division. Company spokesman Skip Colcord said that while the
company may have preferred to sell the whole division to one buyer, it would
continue to look for buyers for the rest of the business as part of a plan to
separate American Standard into three separate companies.