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{{short description|American manufacturing company}}
{{Short description|American manufacturing company}}
{{Use mdy dates|date=September 2022}}
{{Infobox company
{{Infobox company
⚫
| name = American Standard Companies Inc.
| logo = American Standard logo.svg
| name = American Standard Companies Inc.
⚫
| logo = American Standard logo.svg
| fate = Renamed [[Trane|Trane Inc.]], disposed of bathroom and vehicle control divisions
| type = [[Public company|Public]]
| successor = Trane Inc.
| traded_as = {{NYSE was|ASD}}
| foundation = {{start date and age|1929}} (as American Radiator and Standard Sanitary Corporation)<br>{{start date|1967}} (as American Standard Companies)
| industry = [[Manufacturing]]
⚫
| defunct = 2007
| foundation = {{start date and age|1929}}
| location = [[Piscataway, New Jersey|Piscataway]], [[New Jersey]], [[United States|U.S.]]
⚫
| defunct = {{start date and age|2007}}
| industry =
| fate = Split into [[American Standard Brands]], [[Trane]] and [[WABCO Vehicle Control Systems]]
⚫
| key_people = Frederic M. Poses, Chairman and CEO
| location =
| products = plumbing fixtures, heating and cooling equipment, automotive supplies
| hq_location_city = [[Piscataway, New Jersey]]
⚫
| num_employees = 15,200
| hq_location_country = U.S.
| parent =
⚫
| key_people = Frederic M. Poses ([[chairman]] and [[Chief executive officer|CEO]])
| subsid =
| products = {{Unbulleted list|[[Heating, ventilation, and air conditioning]] systems | [[Plumbing fixture]]s | Automotive parts}}
⚫
| num_employees = 15,200
}}
}}


'''American Standard Companies, Inc.''' was a global manufacturer of plumbing, heating, ventilating and air conditioning ([[HVAC]]) systems and services, bath and kitchen products and vehicle control systems.
'''American Standard Companies Inc.''' was a [[Manufacturing|manufacturer]] of [[heating, ventilation, and air conditioning]] (HVAC) systems, [[plumbing fixture]]s, and automotive parts. The company was formed in 1929 through the merger of the [[American Radiator Company]] and [[Standard Sanitary Manufacturing Company]] forming the '''American Radiator and Standard Sanitary Corporation'''. The name was simplified to American Standard in 1967.


The company was formed in 1929 through the merger of the [[American Radiator Company]] and [[Standard Sanitary Manufacturing Company]] forming the '''American Radiator and Standard Sanitary Corporation'''. The group was renamed to the "American Standard Corporation" in 1967.
The company was broken up in 2007 with the spin off of the automotive parts business as [[WABCO Vehicle Control Systems]] and sale of the plumbing fixtures business as [[American Standard Brands]]. The remaining business was renamed [[Trane]], which continues to build HVAC systems under the American Standard name. Trane was acquired by [[Ingersoll Rand]] in 2008, and the parent company has since been renamed [[Trane Technologies]].


⚫
== History ==
The company divested all but the HVAC business in 2007, and renamed itself Trane. [[Trane]] was acquired by [[Ingersoll Rand]] in 2008.
⚫
{{See also|American Radiator Company|Standard Sanitary Manufacturing Company}}
⚫
In 1929, the [[American Radiator Company]] (founded 1892) merged with the [[Standard Sanitary Manufacturing Company]] (founded 1875<ref>{{Cite web|url=https://nyamcenterforhistory.org/tag/standard-sanitary-manufacturing-company/|title = Standard Sanitary Manufacturing Company| date=November 19, 2015 }}</ref>) to form the American Radiator and Standard Sanitary Corporation. The plumbing division, Standard Sanitary, would continue to sell their products under the "Standard" label until 1967, when the company changed its name to American Standard Corporation. The American Standard label was used for both divisions from that year on.


⚫
In 1929, American Standard bought the Kewanee Toilet Boiler Company, which it kept until the early 1970s. [[File:Kewanee Boiler.jpg|thumb|Kewanee Boiler]]
⚫
==History==
⚫
{{see also|American Radiator Company|Standard Sanitary Manufacturing Company}}
⚫
In 1929, the [[American Radiator Company]] (founded 1892) merged with the [[Standard Sanitary Manufacturing Company]] (founded in 1875) to form the American Radiator and Standard Sanitary Corporation (as mentioned above in '''bold'''). The plumbing division, Standard Sanitary, would continue to sell their products under the "Standard" label until 1967, when the company changed its name to American Standard Corporation. The American Standard label was used for both divisions from that year on.


⚫
In 1968, the group purchased earthmoving and mining product range of the [[Westinghouse Air Brake Company]] (WABCO). It divested itself of these assets in 1984.<ref>{{Cite web|url=https://contractormag.co.nz/classic-machines/caterpillar-639d/|title=Caterpillar 639D|first=Contrafed|last=Publishing|date=September 30, 2016 }}</ref>
⚫
In 1929, American Standard bought the [[Kewanee Boiler Company]] which it kept until the early 1970s. [[File:Kewanee Boiler.jpg|thumb|Kewanee Boiler]]


⚫
In 1984, the group acquired [[HVAC]] manufacturer [[Trane]]. In 1999, American Standard purchased control of the United Kingdom-based plumbing fixture companies [[Armitage Shanks]] and Ceramica Dolomite of Italy from [[Blue Circle Industries]] for $430 million.
⚫
In 1968 the group purchased the [[Westinghouse Air Brake Company]]'s earthmoving and mining product range. It divested itself of these assets in 1984.<ref>https://contractormag.co.nz/classic-machines/caterpillar-639d/</ref>


⚫
On February 1, 2007 the company announced it would break up its three divisions:<ref name="Breakup Release">{{citation| url = http://ir.americanstandard.com/releasedetail.cfm?ReleaseID=227812 | archiveurl=https://web.archive.org/web/20090113160708/http://ir.americanstandard.com/releasedetail.cfm?ReleaseID=227812| archivedate = January 13, 2009| title = American Standard Companies Announces Plan To Separate Its Three Businesses| type = press release| date = February 1, 2007| work =ir.americanstandard.com}}</ref>
⚫
In 1984, the group acquired [[HVAC]] company [[Trane]]. In 1999, American Standard purchased control of the United Kingdom-based [[Armitage Shanks]] and Ceramica Dolomite of Italy from [[Blue Circle Industries]] for $430 million.
⚫
On 1 February 2007, the company announced it would break up its three divisions. The plan included the sale of its kitchen and bath division; and the spin off of its vehicle control systems business; the remainder of the company, primarily its air conditioning business was to be retained, and renamed "Trane":<ref name="Breakup Release">{{citation| url = http://ir.americanstandard.com/releasedetail.cfm?ReleaseID=227812 | archiveurl=https://web.archive.org/web/20090113160708/http://ir.americanstandard.com/releasedetail.cfm?ReleaseID=227812| archivedate = 13 Jan 2009| title = American Standard Companies Announces Plan To Separate Its Three Businesses| type = press release| date = 1 Feb 2007| work =ir.americanstandard.com}}</ref>


*The vehicle controls division was spun off, forming [[WABCO Vehicle Control Systems]].
*The automotive parts business was spun off, forming [[WABCO Vehicle Control Systems]].
*The kitchen and bathroom division was sold off: [[Bain Capital Partners]] acquired the division for $1.745 billion.<ref>{{citation| url=http://ir.americanstandard.com/ReleaseDetail.cfm?ReleaseID=272232| title = American Standard Companies Announces Completion of Sale of Bath and Kitchen Business to Bain Capital| type = press release| archiveurl = https://web.archive.org/web/20090505165733/http://ir.americanstandard.com/ReleaseDetail.cfm?ReleaseID=272232| archivedate = 5 May 2009| date = 31 Oct 2007}}</ref> Bain Capital sold the North American and Asian operations to [[Sun Capital]] and [[Lixil Group]] respectively, whilst retaining the European and Latin American operations as [[Ideal Standard]].<ref>{{citation| url=https://www.wsj.com/news/articles/SB10001424127887323419604578573121801745426| title = Japanese Toilet Maker Lixil Buys American Standard| work = online.wsj.com| date = 28 June 2013| first = James R.| last = Hagerty| quote = ''The more than century-old American Standard was sold in 2007 to a Bain Capital Partners LLC fund for $1.76 billion. Bain sold the North American part of the business to Sun Capital for about $130 million and later sold the Asian business to Lixil, then known as JS Group, while retaining the European and Latin American operations, known as Ideal Standard.''}}</ref> The North American operations became [[American Standard Brands|American Standard Americas]], whilst the global business became [[Ideal Standard]].
*The plumbing fixtures division was sold off to [[Bain Capital]] for $1.745 billion.<ref>{{citation| url=http://ir.americanstandard.com/ReleaseDetail.cfm?ReleaseID=272232| title = American Standard Companies Announces Completion of Sale of Bath and Kitchen Business to Bain Capital| type = press release| archiveurl = https://web.archive.org/web/20090505165733/http://ir.americanstandard.com/ReleaseDetail.cfm?ReleaseID=272232| archivedate = May 5, 2009| date = October 31, 2007}}</ref> Bain sold the North American and Asian operations to [[Sun Capital]] and [[Lixil Group]] respectively, while retaining the European and Latin American operations as [[Ideal Standard]].<ref>{{citation| url=https://www.wsj.com/news/articles/SB10001424127887323419604578573121801745426| title = Japanese Toilet Maker Lixil Buys American Standard| work = online.wsj.com| date = June 28, 2013| first = James R.| last = Hagerty| quote = ''The more than century-old American Standard was sold in 2007 to a Bain Capital Partners LLC fund for $1.76 billion. Bain sold the North American part of the business to Sun Capital for about $130 million and later sold the Asian business to Lixil, then known as JS Group, while retaining the European, Middle Eastern, Latin American, and African operations as Ideal Standard.''}}</ref> The deal also included the rights to use the former company name in North America operating as [[American Standard Brands]].
*The remainder of the company held was renamed, taking the name of its heating and air conditioning subsidiary [[Trane]]. [[Ingersoll Rand]] made an offer to acquire the company on December 17, 2007, and the sale was completed on June 5, 2008.<ref>{{citation|url = http://investor.shareholder.com/ir/releasedetail.cfm?ReleaseID=314469|title = Ingersoll Rand Completes Acquisition of Trane|date = 5 June 2008|type = press release|publisher = Ingersoll Rand|access-date = 20 June 2014|archive-url = https://web.archive.org/web/20140728184619/http://investor.shareholder.com/ir/releasedetail.cfm?ReleaseID=314469|archive-date = 28 July 2014|url-status = dead}}</ref>
*The remainder of the company took the name of its heating and air conditioning subsidiary [[Trane]]. [[Ingersoll Rand]] made an offer to acquire Trane on December&nbsp;17, 2007 and the sale was completed on June 5, 2008. The parent company has since been renamed [[Trane Technologies]].<ref>{{citation|url = http://investor.shareholder.com/ir/releasedetail.cfm?ReleaseID=314469|title = Ingersoll Rand Completes Acquisition of Trane|date = June 5, 2008|type = press release|publisher = Ingersoll Rand|access-date = June 20, 2014|archive-url = https://web.archive.org/web/20140728184619/http://investor.shareholder.com/ir/releasedetail.cfm?ReleaseID=314469|archive-date = July 28, 2014|url-status = dead}}</ref>


==References==
== References ==
{{reflist}}
{{Reflist}}


===Literature===
=== Literature ===
*{{citation| title =The history of American Standard| first = Jeffrey L. |last = Rodengen| publisher = Write Stuff Enterprises| year = 1999|isbn = 0945903480}}
*{{citation| title =The history of American Standard| first = Jeffrey L. |last = Rodengen| publisher = Write Stuff Enterprises| year = 1999|isbn = 0-945903-48-0}}


==External links==
== External links ==
*{{citation| url = http://www.americanstandard.com/ | archiveurl = https://web.archive.org/web/20060104004205/http://www.americanstandard.com/| archivedate = 4 Jan 2006| title = www.americanstandard.com}} , archived company website
* [https://web.archive.org/*/http://www.americanstandard.com/ Archived website of the former American Standard Companies]
* [https://www.americanstandard-us.com/ American Standard (plumbing fixtures)]
* [https://www.americanstandardair.com/ American Standard Heating & Air Conditioning]

{{Authority control}}


[[Category:Companies based in Middlesex County, New Jersey]]
[[Category:Companies based in Middlesex County, New Jersey]]
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[[Category:Bathroom fixture companies]]
[[Category:Bathroom fixture companies]]
[[Category:Manufacturing companies disestablished in 2007]]
[[Category:Manufacturing companies disestablished in 2007]]
[[Category:Companies formed by merger]]
[[Category:Heating, ventilation, and air conditioning companies]]
[[Category:Heating, ventilation, and air conditioning companies]]
[[Category:Piscataway, New Jersey]]
[[Category:Piscataway, New Jersey]]

Latest revision as of 05:59, 7 September 2024

American Standard Companies Inc.
Company typePublic
NYSE: ASD
IndustryManufacturing
Founded1929; 96 years ago (1929)
Defunct2007; 18 years ago (2007)
FateSplit into American Standard Brands, Trane and WABCO Vehicle Control Systems
Headquarters
Piscataway, New Jersey
,
U.S.
Key people
Frederic M. Poses (chairman and CEO)
Products
Number of employees
15,200

American Standard Companies Inc. was a manufacturer of heating, ventilation, and air conditioning (HVAC) systems, plumbing fixtures, and automotive parts. The company was formed in 1929 through the merger of the American Radiator Company and Standard Sanitary Manufacturing Company forming the American Radiator and Standard Sanitary Corporation. The name was simplified to American Standard in 1967.

The company was broken up in 2007 with the spin off of the automotive parts business as WABCO Vehicle Control Systems and sale of the plumbing fixtures business as American Standard Brands. The remaining business was renamed Trane, which continues to build HVAC systems under the American Standard name. Trane was acquired by Ingersoll Rand in 2008, and the parent company has since been renamed Trane Technologies.

History

[edit]
See also: American Radiator Company and Standard Sanitary Manufacturing Company

In 1929, the American Radiator Company (founded 1892) merged with the Standard Sanitary Manufacturing Company (founded 1875[1]) to form the American Radiator and Standard Sanitary Corporation. The plumbing division, Standard Sanitary, would continue to sell their products under the "Standard" label until 1967, when the company changed its name to American Standard Corporation. The American Standard label was used for both divisions from that year on.

In 1929, American Standard bought the Kewanee Toilet Boiler Company, which it kept until the early 1970s.

Kewanee Boiler

In 1968, the group purchased earthmoving and mining product range of the Westinghouse Air Brake Company (WABCO). It divested itself of these assets in 1984.[2]

In 1984, the group acquired HVAC manufacturer Trane. In 1999, American Standard purchased control of the United Kingdom-based plumbing fixture companies Armitage Shanks and Ceramica Dolomite of Italy from Blue Circle Industries for $430 million.

On February 1, 2007 the company announced it would break up its three divisions:[3]

  • The automotive parts business was spun off, forming WABCO Vehicle Control Systems.
  • The plumbing fixtures division was sold off to Bain Capital for $1.745 billion.[4] Bain sold the North American and Asian operations to Sun Capital and Lixil Group respectively, while retaining the European and Latin American operations as Ideal Standard.[5] The deal also included the rights to use the former company name in North America operating as American Standard Brands.
  • The remainder of the company took the name of its heating and air conditioning subsidiary Trane. Ingersoll Rand made an offer to acquire Trane on December 17, 2007 and the sale was completed on June 5, 2008. The parent company has since been renamed Trane Technologies.[6]

References

[edit]
  1. ^ "Standard Sanitary Manufacturing Company". November 19, 2015.
  2. ^ Publishing, Contrafed (September 30, 2016). "Caterpillar 639D".
  3. ^ "American Standard Companies Announces Plan To Separate Its Three Businesses", ir.americanstandard.com (press release), February 1, 2007, archived from the original on January 13, 2009
  4. ^ American Standard Companies Announces Completion of Sale of Bath and Kitchen Business to Bain Capital (press release), October 31, 2007, archived from the original on May 5, 2009
  5. ^ Hagerty, James R. (June 28, 2013), "Japanese Toilet Maker Lixil Buys American Standard", online.wsj.com, The more than century-old American Standard was sold in 2007 to a Bain Capital Partners LLC fund for $1.76 billion. Bain sold the North American part of the business to Sun Capital for about $130 million and later sold the Asian business to Lixil, then known as JS Group, while retaining the European, Middle Eastern, Latin American, and African operations as Ideal Standard.
  6. ^ Ingersoll Rand Completes Acquisition of Trane (press release), Ingersoll Rand, June 5, 2008, archived from the original on July 28, 2014, retrieved June 20, 2014

Literature

[edit]
  • Rodengen, Jeffrey L. (1999), The history of American Standard, Write Stuff Enterprises, ISBN 0-945903-48-0
[edit]
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