June 2013

LIXIL to Acquire ASD Americas Holding Corp., Parent of American Standard Brands

American Standard

TOKYO, June 28, 2013 /PRNewswire-HISPANIC PR WIRE/-- LIXIL Corporation (Headquarters: Tokyo, Japan; President: Yoshiaki Fujimori), 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 (Headquarters: New Jersey, US; President and CEO: Jay Gould, hereafter called "American Standard") at an enterprise value of $542 million (53.1 billion JPY, $1=98JPY) from an affiliate of Sun Capital Partners, Inc. ("Sun Capital") (Headquarters: US).