Daily News logo Newsletter logo   Search News     Daily News   


American Standard America, Crane Plumbing and Eljer Announce Intent to Merge

  Share With Friends
PISCATAWAY, N.J. (EWORLDWIRE) Feb 13, 2008

AS America, Inc. ("American Standard America"), Crane Plumbing LLC ("Crane") and Eljer, Inc. ("Eljer") are pleased to announce their intent to merge. The merger closing is expected to take place in the second quarter of 2008, and integration of the companies' operations is expected to occur within a 12- to 24-month period.

Once the merger is complete, Donald C. Devine, President and CEO of American Standard America, will lead the new company and Kevin Oak, CEO of Crane Plumbing, will become COO. Jim Harris, CEO of Eljer, will be part of the integration steering committee. The new organization will have operations in the United States, Mexico and Canada, and its headquarters will be in Piscataway, N.J.

While leaders of all three companies are excited about the opportunity and have formed integration teams and plans for the merger, the three companies will continue to conduct business as usual and operate as independent companies until the closing.

American Standard America, Crane Plumbing and Eljer are affiliated portfolio companies of Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies. Bain Capital Partners, Inc. ("Bain Capital") is a minority partner in American Standard America and will remain a minority partner in the new consolidated entity.

ABOUT AS AMERICA, INC.
With an operating history of over 130 years, American Standard America is one of the largest North American manufacturers of bath and kitchen products. The Company participates in all key product categories such as bathroom and kitchen faucets, fixtures and furniture with leading positions in toilets and in bathroom fixtures . Products are marketed under such brand names as American Standard, Porcher and Jado. American Standard delivers products to a wide range of customers in both residential and commercial markets and for new construction and replacement remodeling. The network includes wholesalers (including showrooms), retailers (including do-it-yourself centers) and specialty merchants. For more
information, please visit www.americanstandard-us.com.

ABOUT CRANE PLUMBING LLC
Crane Plumbing is one of the largest manufacturers and distributors of plumbing fixtures and specialty plumbing products in the United States and Canada. Crane's products are marketed under the Crane Plumbing, Fiat, Showerite, Universal-Rundle and Sanymetal brand names. Crane's products are manufactured at 20 locations in the U.S. and Canada and are sold to over 3,000 plumbing wholesale outlets and 4,000 retail stores including Lowe's, Home Depot and Menard's. For more information, please visit www.craneplumbing.com.

ABOUT ELJER, INC.
Eljer is a leading branded plumbing fixture company serving the residential, commercial construction, remodeling and repair markets in both the U.S. and Canada. Eljer manufactures and markets vitreous china fixtures, cast iron sinks, whirlpool tubs, and other related plumbing products for the kitchen and bathroom markets, and distributes its products through a network of wholesale distributors, hardware stores and do-it-yourself home centers. For more information, please visit www.eljer.com.

About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and
experience. Sun Capital affiliates have invested in and managed more than 180 companies worldwide with combined sales in excess of $35.0 billion since Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Tokyo, and Shenzhen. For more information, please visit www.SunCapPart.com.

About Bain Capital Partners, Inc.
Bain Capital is a global private investment firm that manages several pools of capital including private equity, high-yield assets, mezzanine capital and public equity with approximately US$65 billion in assets under
management. Since its inception in 1984, Bain Capital has made private equity investments and add-on acquisitions in over 250 companies around the world. Headquartered in Boston, Bain Capital has offices in New York, London, Munich, Hong Kong, Shanghai, and Tokyo. For more information, please visit www.baincapital.com.

For more information, please contact:
Tracy Benson Kirker
Managing Partner
On the Same Page
(914) 977-3245
(914) 522-6575 (Cell)
tracy@on-the-same-page.com
MOBILE: http://www.e4mobile.com/pressreleases/18173
HTML: http://www.eworldwire.com/pressreleases/18173
PDF: http://www.eworldwire.com/pdf/18173.pdf
ONLINE NEWSROOM: http://www.eworldwire.com/newsroom/313110.htm
RSS NEWSROOM: http://newsroom.eworldwire.com/xml/newsrooms/313110.xml

   Ms. Tracy Benson Kirker
   Managing Partner
   On the Same Page
   Katonah,    NY,    10536
   USA
   914-522-6575 (phone)
   tracy@on-the-same-page.com
  


 
Support Wikipedia


Follow NewsBlaze

on Twitter

@newsblaze


Find more stories recommended by Stumbleupon.

newsletter logo

What's Hot?
1 .Early Marriage Has Harmful Effects on Women - 9
2 .Bullhead Review: The Meat Market, Steroids And Masculine Identity Addictions - 9
3 .These 10 Comfortable Walking Shoes Are a Step in the Right Direction - 8
4 .BOLLYWOOD actress in HOLLYWOOD lesbian film - 7
5 .Fireproof Movie Review - 6
6 .The World Turns a Deaf Ear on Tibet - 11
7 .Do You Know Why The Mafia Grew Strong in America? - 4
8 .Milestone Aviation Group Announces Helicopter Leasing Transaction With Bristow Group - 4
9 .Tibetan Refugees in Kashmir Protest Against China - 5
10 .Day in the life...Orderly room clerk keeps brigade's HQ company running smoothly - 3
Updated: 2:45 PST     501

NewsBlaze Editors

editors

NewsBlaze Writers


Writers Wanted

Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer

Follow NewsBlaze

NewsBlaze Social Media Logos NewsBlaze Facebook NewsBlaze LinkedIn NewsBlaze Twitter NewsBlaze YouTube NewsBlaze MySpace
NewsBlaze 
Copyright © 2004-2012 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice |         Press Room