Jacuzzi Brands entered into an agreement to sell its Eljer Plumbingware business to an affiliate of Sun Capital Partners, a private investment firm. The transaction is expected to close by the end of Jacuzzi Brand's third quarter ending July 2. Terms of the sale were not disclosed.
Eljer reported an operating loss of $30.7 million on sales of $150.5 million for the fiscal year ended Oct. 2, 2004. For the first six months of fiscal 2005 ended April 2, Eljer recorded an operating loss of $2.9 million on sales of $69.2 million.