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Article: AMERICAN STANDARD TO SELL BATH AND KITCHEN BUSINESS TO BAIN CAPITAL.
- Article from:
- AsiaPulse News
- Article date:
- July 24, 2007
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(Full text of statement. Contact details below.)
MEDIA RELEASE PR26947
American Standard Announces Agreement to Sell Bath and Kitchen Business to Bain Capital for $1.755 Billion
PISCATAWAY, N.J., July 23 /PRNewswire-AsiaNet/ --
American Standard Companies Inc. (NYSE: ASD) today announced that it has signed a definitive agreement to sell the company's worldwide Bath and Kitchen products business to funds advised by Bain Capital Partners, LLC, a leading global private investment firm, for $1.755 billion in cash.
Upon completion of the sale, Bain Capital will acquire all of American Standard's Bath and Kitchen business with 2006 ...