Majority stake Announced Jun 2013
LIXIL to acquire American Standard from Sun Capital affiliate for $542M
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
LIXIL Corp. reached a definitive agreement to acquire 100% of ASD Americas Holding Corp., parent of American Standard Brands, at an enterprise value of $542 million from an affiliate of Sun Capital Partners. This is both an acquisition and a PE-sponsor divestiture.