Standard shareholders have approved an amendment to the company’s certificate
of incorporation to change its name to “Trane” in recognition of its successful
heating, ventilation and air conditioning business. In 2006, Trane generated
sales of $6.8 billion, according to the company.
American Standard sold
its bath and kitchen business to Bain Capital Partners in July for $1.75
billion. Bain Capital Partners is a global private investment firm. Most
recently, Bain Capital was one of four private investment firms to purchase
Home Depot’s HD Supply unit.