M&A Deal Summary

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 Highlights
  • 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.

M&A Deal Summary

Date 2013-08-21
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

American Standard Brands

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

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Buyer(S) 1

Buyer

LIXIL

Tokyo, Japan

Category Company
Founded 1875
Sector Building Materials
Employees49,310
Revenue 1.48T JPY (2024)
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 STATS #
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

Treviso, Italy

Permasteelisa SpA is a contractor in the engineering, project management, manufacturing and installation of architectural envelopes and interior systems. Permasteelisa was founded in 1973 and is based in Treviso, 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(S) 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 STATS #
Overall 48 of 127
Sector (Consumer Products) 4 of 8
Type (Add-on Acquisition) 17 of 53
State (New Jersey) 2 of 4
Country (United States) 34 of 88
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 -