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.
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