BREAKING NEWS: American Standard To Separate Three Core Businesses, Sell Bath And Kitchen Segment
The board of directors of the American Standard Cos. announced Feb. 1 it has approved a plan to separate its three businesses in 2007, and ultimately sell its kitchen and bath business.
The company will retain its air-conditioning systems and services business (2006 sales of $6.8 billion), and change the name to its flagship brand Trane. Also, it will spin-off its vehicle control systems (2006 sales of $2.0 billion) as an independent, publicly traded company called WABCO.