Feb. 21, 2008 - American Standard America, Crane Plumbing and Eljer Announce Intent To Merge
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, NJ.
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., a private investment firm specializing in leveraged buyouts and investments in market-leading companies. Bain Capital Partners Inc. is a minority partner in American Standard America and will remain a minority partner in the new consolidated entity.