Announced
Financials
Tags
showers
Acquisition
Single Bidder
Private Equity
Household Equipment and Products
Pending
bathtubs
Private
Friendly
United States
Majority
Domestic
Synopsis
Centerbridge Partners, a private investment firm, agreed to acquire American Bath Group, a manufacturer of showers, bathtubs, and related accessories from Lone Star Funds, an American private equity firm. The ABG management team will continue to own a significant position in the business. Financial terms were not disclosed. "American Bath Group is a market leader in an attractive and fast growing building products segment with a portfolio of brands trusted by professional installers and consumers. The Company has a strong track record of value creation through organic growth and strategic acquisitions, and we look forward to supporting the next phase of the Company's growth," Steve Silver, Centerbridge Global Co-Head of Private Equity and Senior Managing Director.
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