For Immediate Release
June 28, 2013
LIXIL Corporation
ASD Americas Holding Corp.

LIXIL to Acquire ASD Americas Holding Corp.,
Parent of American Standard Brands
Kitchen & Bath Products Leader Will Serve as Platform for North American Presence
as LIXIL Continues Globalization of Business
TOKYO, June 28, 2013 – LIXIL Corporation (Headquarters: Tokyo, Japan; President: Yoshiaki Fujimori),
today announced that it has reached a definitive agreement to acquire 100% of the share capital of ASD
Americas Holding Corp., the parent company of American Standard Brands (Headquarters: New Jersey,US; President and CEO: Jay Gould, hereafter called “American Standard”) at an enterprise value of $542
million (53.1 billion JPY, $1=98JPY) from an affiliate of Sun Capital Partners, Inc. (“Sun Capital”)(Headquarters: US).

American Standard is a leading North American manufacturer of a wide range of high quality kitchen andbath products. On completion of the transaction, which is subject to regulatory approval, the company willremain headquartered in the U.S., and continue operating all existing facilities.

LIXIL Group, 1.4 trillion JPY ($15.3 billion, $1= 94.05JPY) building products company, has been activelyexpanding its global business. LIXIL Group’s international sales reached approximately 200 billion JPY,contributing over 14% of the sales for the fiscal year ended March 31, 2013 and will increase toapproximately 300 billion JPY comprising approximately 20% of LIXIL Group revenues. LIXIL’s global
operations are present in more than 30 countries. In North America, Permasteelisa Group, a high-end
curtain wall contractor owned by LIXIL Group, has existing revenues of approximately 30 billion JPY. The

addition of American Standard will provide LIXIL with greater scale and more opportunities in NorthAmerica, and will continue the growth of the international business towards its mid-term goals.

Yoshiaki Fujimori, President of LIXIL Corporation, said, “American Standard is the leader in the kitchen
and bath products market with a deep history of more than 130 years. LIXIL is targeting 1 trillion JPY
sales revenue in its international businesses, with the goal for the international business to grow toapproximately 30% of total LIXIL Group revenues. American Standard will serve as a key platform for
LIXIL as we continue to fulfill our ambitions to become a worldwide leader in the building materials andhousing equipment market. LIXIL already owns the American Standard brand in the Asia Pacific market,
and this transaction will strengthen the brand and the company’s considerable manufacturing capabilities
and technological best practices.”“This transaction marks an exciting chapter in our 137-year history,” said Jay Gould, American Standard
Brands President and CEO. “We and our customers will surely benefit by combining LIXIL’s quality
control, manufacturing technology and product development with American Standard’s sales networks,
and I believe these will help the company maintain our position as a market leader.”“The market leadership that American Standard enjoys today has been fueled by considerable
operational improvements, an expanded product platform achieved through four strategic acquisitions,and a commitment to innovation,” said Marc Leder, Co-CEO at Sun Capital, a leading private investment
firm specializing in leveraged buyouts and investments in market–leading companies. “I expect LIXIL willcontinue to invest in these strategies, and that the combined technology and product development
capabilities of American Standard and LIXIL will ensure significant progress in the years ahead.”About LIXIL Corporation
LIXIL is Japan's largest manufacturer group for building materials and housing equipment and has morethan 75,000 employees worldwide. The Group recorded net sales of 1.4 trillion JPY in FY ended March
2013. It offers comprehensive solutions in housing and lifestyle and an extensive product lineup from
windows, tiles, front doors, kitchens, bathrooms, and toilets under the brand name of American Standard(Asia Pacific), INAX and Tostem.
In Japan, LIXIL is the biggest housing and building materials company with top share in eight different
categories currently led by President Yoshiaki Fujimori. Those include approx. 55% share in exteriors,approx. 50% share in housing sashes/doors, approx. 50% in curtain walls and approx. 40% in sanitarywares. LIXIL also is a top brand in tiles, washstand cabinet units, bathroom units and kitchen units. LIXIL,
through the integration, now has a vast and unique business portfolio.
In the global market, its operations are led by group companies, such as Permasteelisa Group, which hasstrong presence in the curtain wall business with unmatched technology and designs. Their projects inthe US include: New York by Gehry, One Bryant Park in NY and San Francisco Federal Building.
For more information about LIXIL, please visit http://global.lixil.co.jp/About American Standard
American Standard is a leading manufacturer of a wide range of high-quality kitchen and bath products
for residential and commercial customers in the North America, Canada and Mexico. The company
employs more than 5, 000 people and markets products under the brand names of American Standard®,
Jado®, Porcher®, Safety Tubs®, Crane Plumbing®, Eljer®, Fiat® and Decorative Panels International®.
For more information about American Standard, visit:www.americanstandard.com/
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About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt,and other investments in companies that can benefit from its in–house operating professionals andexperience. Sun Capital affiliates have invested in more than 320 companies worldwide with combined
sales in excess of $45 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton,Los Angeles, and New York, as well as affiliates in London, Paris, Frankfurt, Luxembourg, Shanghai andShenzhen. For more information, visit www.SunCapPart.com.