American Standard Inc.
About Us
On February 1, 2007, American Standard's Board of Directors announced that it had completed a strategic review of the company and unanimously approved a plan to separate the three businesses that comprised the company at that time.
On July 23, 2007, American Standard announced that it had signed a definitive agreement to sell the company's worldwide Bath and Kitchen products business to funds advised by Bain Capital Partners, LLC, a leading global private investment firm, for $1.755 billion in cash.
At 11:59 on July 31,2007, American Standard completed the spinoff of our vehicle control systems business into a new publicly traded company to be called WABCO (NYSE: WBC). Company History July 2007 每 At 11:59 on July 31, American Standard completed the spinoff of our vehicle control systems business into a new publicly traded company to be called WABCO (NYSE: WBC). Earlier in the month, American Standard announced that it had signed a definitive agreement to sell the company's worldwide Bath and Kitchen products business to funds advised by Bain Capital Partners, LLC, a leading global private investment firm, for $1.755 billion in cash.
February 2007 每 American Standard, now at $11.2 billion in revenues, announces plans to separate the company into three focused, better understood companies to create greater shareowner value than the current structure. It plans to focus on its $6.8 billion global market-leading air conditioning systems and services business, spin off its $2 billion global vehicle control systems business and sell its $2.4 billion bath and kitchen business.
November 2006 每 American Standard ranks No. 230 in revenues on the Fortune 500, the magazine＊s annual ranking of America＊s largest corporations.
February 2006 每 Institutional Investor names American Standard one of America＊s most shareholder-friendly companies.
February 2006 每 American Standard raises its quarterly dividend to 18 cents per share of common stock, which represents an increase of 3 cents per share of common stock, or 20 percent more than the current level.
December 2005 每 American Standard achieves full-year revenues of more than $10 billion.
February 2005 每 American Standard initiates a quarterly dividend of 15 cents per share of common stock.
December 2004 每 American Standard completes its debt reduction plan, reducing its debt to $1.5 billion from a high of $2.6 billion in 1999.
November 2004 每 American Standard achieves investment-grade status from Moody＊s, after achieving it from S&P in April of the same year.
May 2004 每 American Standard completes its previously announced three-for-one stock split. Its stock closes at a price of $111.83 per share on May 27, which on a split-adjusted basis is $37.28.
May 2002 每 American Standard announces it will be added to the Standard & Poor＊s (S&P) 500 Index. The company had been part of the S&P MidCap 400 Index.
October 1999 每 American Standard＊s board of directors announces that the company will pursue the sale of its Medical Systems Group.
1995 每 On February 7, American Standard re-emerges as a publicly traded company with an initial stock price of $20 on a split-adjusted basis. Revenues that year for the Bath and Kitchen business (known as Plumbing) are $1.3 billion, for Air Conditioning, $3 billion, and for Vehicle Control Systems (known as Automotive), $1 billion〞for a combined total of $5.3 billion.
1990 每 American Standard sells the locomotive braking division of WABCO to focus on commercial vehicles such as trucks and buses.
1988 每 After a takeover attempt, American Standard＊s management team leads a leveraged buyout of the company and takes it private.
1984 每 Trane joins the American Standard family of businesses.
1982 每 Trane purchases General Electric＊s central air conditioning division for $135 million, forming the basis for the business＊s residential product line.
1968 每 WABCO joins the American Standard family of businesses. That same year, American Standard drops the hyphen from its name.
1948 每 By now people informally shorten the name of the company to American-Standard, so the company begins to refer to itself by that name.
1929 每 The American Radiator Company merges with The Standard Sanitary Manufacturing Company and becomes a publicly traded company. For the next 18 years, it＊s known as the American Radiator & Standard Sanitary Corporation.
1914 每 A New York Times editorial declares that Westinghouse's railroad air brake has saved more lives than had been lost in all wars up to World War I.
1913 每 With his son, Reuben, Trane founds The Trane Company to make heating products for both residential and commercial customers.
1872 每 John B. Pierce opens a tinware shop in Ware, Massachusetts. He later founds the Pierce Steam Heating Company, one of three companies that would merge in 1892 to become the American Radiator Company.
1869 每 Westinghouse starts the Westinghouse Air Brake Company (shortened to WABCO in later years) to sell his new brake to locomotive companies.
1867 每 George Westinghouse invents a new kind of brake that uses compressed air to slow a train.
1864 每 James Trane, co-founder of the company that bears his name, settles in La Crosse, Wisconsin. He finds work as a steamfitter and eventually starts his own plumbing business. Product Bath & Kitchen:
We're the world's largest global manufacturer of bath & kitchen products. We offer a diverse range of products for the bath and kitchen including faucets, fixtures, whirlpools, accessories, showers and even the kitchen sink! Heating & Cooling:
We're best known as the world's leading producer of bathroom and kitchen plumbing products, but our largest business is air conditioning and heating systems and services. These products are sold under two respected brand names: Trane? and American Standard?. Vehicle Control:
WABCO, the former vehicle controls business of American Standard Companies, became an independent company at 11:59 p.m. ET on July 31, 2007. WABCO trades on the New York Stock Exchange under the symbol WBC.
To learn about this company and its products, please visit: http://www.wabco-auto.com
About Us
On February 1, 2007, American Standard's Board of Directors announced that it had completed a strategic review of the company and unanimously approved a plan to separate the three businesses that comprised the company at that time.
On July 23, 2007, American Standard announced that it had signed a definitive agreement to sell the company's worldwide Bath and Kitchen products business to funds advised by Bain Capital Partners, LLC, a leading global private investment firm, for $1.755 billion in cash.
At 11:59 on July 31,2007, American Standard completed the spinoff of our vehicle control systems business into a new publicly traded company to be called WABCO (NYSE: WBC). Company History July 2007 每 At 11:59 on July 31, American Standard completed the spinoff of our vehicle control systems business into a new publicly traded company to be called WABCO (NYSE: WBC). Earlier in the month, American Standard announced that it had signed a definitive agreement to sell the company's worldwide Bath and Kitchen products business to funds advised by Bain Capital Partners, LLC, a leading global private investment firm, for $1.755 billion in cash.
February 2007 每 American Standard, now at $11.2 billion in revenues, announces plans to separate the company into three focused, better understood companies to create greater shareowner value than the current structure. It plans to focus on its $6.8 billion global market-leading air conditioning systems and services business, spin off its $2 billion global vehicle control systems business and sell its $2.4 billion bath and kitchen business.
November 2006 每 American Standard ranks No. 230 in revenues on the Fortune 500, the magazine＊s annual ranking of America＊s largest corporations.
February 2006 每 Institutional Investor names American Standard one of America＊s most shareholder-friendly companies.
February 2006 每 American Standard raises its quarterly dividend to 18 cents per share of common stock, which represents an increase of 3 cents per share of common stock, or 20 percent more than the current level.
December 2005 每 American Standard achieves full-year revenues of more than $10 billion.
February 2005 每 American Standard initiates a quarterly dividend of 15 cents per share of common stock.
December 2004 每 American Standard completes its debt reduction plan, reducing its debt to $1.5 billion from a high of $2.6 billion in 1999.
November 2004 每 American Standard achieves investment-grade status from Moody＊s, after achieving it from S&P in April of the same year.
May 2004 每 American Standard completes its previously announced three-for-one stock split. Its stock closes at a price of $111.83 per share on May 27, which on a split-adjusted basis is $37.28.
May 2002 每 American Standard announces it will be added to the Standard & Poor＊s (S&P) 500 Index. The company had been part of the S&P MidCap 400 Index.
October 1999 每 American Standard＊s board of directors announces that the company will pursue the sale of its Medical Systems Group.
1995 每 On February 7, American Standard re-emerges as a publicly traded company with an initial stock price of $20 on a split-adjusted basis. Revenues that year for the Bath and Kitchen business (known as Plumbing) are $1.3 billion, for Air Conditioning, $3 billion, and for Vehicle Control Systems (known as Automotive), $1 billion〞for a combined total of $5.3 billion.
1990 每 American Standard sells the locomotive braking division of WABCO to focus on commercial vehicles such as trucks and buses.
1988 每 After a takeover attempt, American Standard＊s management team leads a leveraged buyout of the company and takes it private.
1984 每 Trane joins the American Standard family of businesses.
1982 每 Trane purchases General Electric＊s central air conditioning division for $135 million, forming the basis for the business＊s residential product line.
1968 每 WABCO joins the American Standard family of businesses. That same year, American Standard drops the hyphen from its name.
1948 每 By now people informally shorten the name of the company to American-Standard, so the company begins to refer to itself by that name.
1929 每 The American Radiator Company merges with The Standard Sanitary Manufacturing Company and becomes a publicly traded company. For the next 18 years, it＊s known as the American Radiator & Standard Sanitary Corporation.
1914 每 A New York Times editorial declares that Westinghouse's railroad air brake has saved more lives than had been lost in all wars up to World War I.
1913 每 With his son, Reuben, Trane founds The Trane Company to make heating products for both residential and commercial customers.
1872 每 John B. Pierce opens a tinware shop in Ware, Massachusetts. He later founds the Pierce Steam Heating Company, one of three companies that would merge in 1892 to become the American Radiator Company.
1869 每 Westinghouse starts the Westinghouse Air Brake Company (shortened to WABCO in later years) to sell his new brake to locomotive companies.
1867 每 George Westinghouse invents a new kind of brake that uses compressed air to slow a train.
1864 每 James Trane, co-founder of the company that bears his name, settles in La Crosse, Wisconsin. He finds work as a steamfitter and eventually starts his own plumbing business. Product Bath & Kitchen:
We're the world's largest global manufacturer of bath & kitchen products. We offer a diverse range of products for the bath and kitchen including faucets, fixtures, whirlpools, accessories, showers and even the kitchen sink! Heating & Cooling:
We're best known as the world's leading producer of bathroom and kitchen plumbing products, but our largest business is air conditioning and heating systems and services. These products are sold under two respected brand names: Trane? and American Standard?. Vehicle Control:
WABCO, the former vehicle controls business of American Standard Companies, became an independent company at 11:59 p.m. ET on July 31, 2007. WABCO trades on the New York Stock Exchange under the symbol WBC.
To learn about this company and its products, please visit: http://www.wabco-auto.com