Skadden is representing American Standard Companies Inc. in its definitive agreement to sell its worldwide Bath and Kitchen products business to Bain Capital Partners, LLC, a leading global private investment firm, for approximately $1.8 billion. The deal was announced on July 23.
On February 1, 2007, American Standard announced plans to separate its three businesses by selling Bath and Kitchen, spinning off Vehicle Control Systems and retaining its largest business, Air Conditioning Systems and Services.