July 23, 2007-American Standard Agrees to Sell Bath & Kitchen Products Business
American Standard Companies Inc. 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
annual sales of $2.4 billion, 26, 000 employees and 54 production facilities in
23 countries worldwide.