American Standard Brands and Decorative Panels International (DPI) have merged, allowing for additional market growth. Both American Standard Brands and DPI are affiliated portfolio companies of Sun Capital Partners.
Tim Clark, CFO of DPI, 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.
Having completed the merger of American Standard, Crane Plumbing, Eljer Plumbing in 2008, American Standard Brands is focused on expanding its value share of the market. “We believe that expanding to enhance our capabilities to provide total project solutions is the best way to grow in what remains a challenging market environment,” said Donald C. Devine. “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. 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.”
Pictured: American Standard’s Monoglide Handshower
