American Standard acquired by LIXIL for $542 million
Tokyo-based LIXIL Corp. today announced that it has reached a definitive agreement to acquire 100% of the share capital of ASD Americas Holding Corp., the parent company of American Standard Brands at an enterprise value of $542 million from an affiliate of Sun Capital Partners Inc.
On completion of the transaction, which is subject to regulatory approval, American Standard will remain headquartered in the U.S., and continue operating all existing facilities.