PISCATAWAY, NJ -- American Standard Brands, a manufacturer of residential and commercial bath and kitchen products, and Decorative Panels International (DPI), a manufacturer of hardboard and decorative panel products, have merged.
Both companies are owned by Sun Capital Partners. Terms of the merger were not disclosed.
Tim Clark, DPI’s CFO, has been appointed president of DPI and will report to Don Devine, president and CEO of American Standard Brands. Mike Kilbane, previously president and CEO of DPI, will become president and CEO of Protective Products Enterprises, another Sun portfolio company. DPI is based in Toledo, OH, and will remain in its current location.
Creation of American Standard Brands resulted from the 2008 merger of American Standard, Crane Plumbing and Eljer Plumbing. The company recently expanded with the acquisition of Safety Tubs LLC.
“The merger with DPI represents an exciting opportunity for American Standard Brands to expand our capability to capture a larger share of the remodeling projects," Devine said. "In addition, we will continue to actively seek acquisitions which fit our growth strategy and build upon our vision to create a great building products company.”
Read more about the American Standard Brands/DPI merger.
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