Global private equity and venture capital news and research

Sun Capital partners exits American Standard Brands in $542m deal

21 Aug 2013

kitchen_170sqPrivate equity firm Sun Capital Partners has exited American Standard Brands by selling its parent company ASD Americas Holding to Japanese housing equipment manufacturer LIXIL Corp.

The deal valued the kitchen and bath products maker at $542m.

Sun Capital co-CEO Marc Leder said, “The market leadership that American Standard enjoys today has been fueled by considerable operational improvements, an expanded product platform achieved through four strategic acquisitions, and a commitment to innovation.

“I expect LIXIL will continue to invest in these strategies, and that the combined technology and product development capabilities of American Standard and LIXIL will ensure significant progress in the years ahead.”

In June it was reported that Sun Capital was looking to exit fried seafood chain Captain D’s after hiring North Point Advisors to handle a sale.

Copyright © 2013 AltAssets


Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014