Centerbridge Partners to acquire American Bath Group from Lone Star Funds.

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.