Online News-Jacuzzi To Sell Eljer Plumbingware Business to Sun Capital Partners
June 30, 2005
Jacuzzi Brands announced that it has entered into an agreement to sell its Eljer Plumbingware business to an affiliate of Sun Capital Partners, Inc. (Sun recently acquired Crane Plumbing as well.) The transaction is expected to close by July 2. Terms were not disclosed, except that the Sun affiliate will assume substantially all current assets and liabilities of Eljer, including long-term medical retiree liabilities, and will also take the Ford City, PA, and Tupelo, MS, operations.