Add-on Acquisition • Consumer Products

LIXIL Acquires American Standard Brands

On August 21, 2013, LIXIL acquired consumer products company American Standard Brands from Sun Capital Partners for 542M USD

Acquisition Context
  • This is LIXIL’s 1st transaction in the Consumer Products sector.
  • This is LIXIL’s 3rd largest (disclosed) transaction.
  • This is LIXIL’s 1st transaction in the United States.
  • This is LIXIL’s 1st transaction in New Jersey.

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M&A Deal Summary

Date August 21, 2013
Target American Standard Brands
Sector Consumer Products
Buyer(s) LIXIL
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition
Deal Value 542M USD

Target Company

American Standard Brands

Piscataway, New Jersey, United States
American Standard Brands is a manufacturer of bath and kitchen products.
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Buyer Overview 1

Buyer

LIXIL

Tokyo, Japan

Category Company
Founded 1875
Sector Building Materials
Employees48,660
Revenue 1.50T JPY (2025)
DESCRIPTION

LIXIL manufactures and distributes building materials and housing equipment, as well as related services. LIXIL was founded in 1923 and is based in Tokyo, Japan.


Deal Context for Buyer #
Overall 3 of 4
Sector: Consumer Products 1 of 1
Type: Add-on Acquisition 3 of 4
State: New Jersey 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-07 Permasteelisa

Vittorio Veneto, Italy

Permasteelisa is a global engineering and construction company specializing in the design, manufacture, and installation of architectural envelopes. The Company provides curtain wall, façade, and interior systems for commercial buildings, collaborating with architects and developers worldwide. Permasteelisa was founded in 1973 and is headquartered in Vittorio Veneto, Italy.

Buy €575M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-26 Grohe Deutschland Vertriebs

Deutschland, Germany

Grohe Deutschland Vertriebs GmbH is a manufacturers of sanitary fittings (taps, faucets and showers), offering a broad range of products for handling water in bathrooms and kitchens.

Buy $4.1B

Seller Profile 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


Deal Context for Seller #
Overall 48 of 131
Sector: Consumer Products 4 of 8
Type: Add-on Acquisition 17 of 55
State: New Jersey 2 of 4
Country: United States 34 of 90
Year: 2013 10 of 17
Size (of disclosed) 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-05 Harry s Fresh Foods

Portland, Oregon, United States

Harry's Fresh Foods is a provider of consumers and foodservice partners with a range of fresh and prepared foods, including soups, chilis, stews, side dishes, entrées, sauces, gravies, and desserts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-29 InteliCoat Technologies

South Hadley, Massachusetts, United States

InteliCoat Technologies is a supplier of precision coated paper, specialty substrates for imaging technologies, and imaging products for the ink jet printing market. InteliCoat's services also include the development of unique coating processes for substrates used in flexible printed circuitry, the construction of electronic and medical components, and other specialized markets such as digital fine art and photographic reproduction applications.

Sell -