LIXIL to acquire American Standard from Sun Capital affiliate for $542M

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.

“Tokyo-based [LIXIL Corp.](http://global.lixil.co.jp/) today announced that it has reached a definitive agreement to acquire 100% of the share capital of ASD Americas Holding Corp., the parent company of [American Standard Brands](http://www.americanstandardbrands.com/) at an enterprise value of $542 million from an affiliate of [Sun Capital Partners Inc.](http://suncappart.com/)”

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