LIXIL Completes Acquisition of ASD Americas Holding Corp.

          LIXIL Completes Acquisition of ASD Americas Holding Corp.

PR Newswire

TOKYO, Aug. 20, 2013

TOKYO, Aug. 20, 2013 /PRNewswire/ --LIXIL Corporation (Headquarters: Tokyo,
Japan; President: Yoshiaki Fujimori), acquired yesterday for an enterprise
value of $542 million (¥53.1 billion, $1=¥98) 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 Brands") . The shares were acquired from an affiliate of
Sun Capital Partners, Inc.

LIXIL Group has been actively expanding its global business. In North America,
Permasteelisa Group, a high-end curtain wall contractor owned by LIXIL Group,
has existing revenues of approximately ¥39 billion (1euro=¥130) . The addition
of American Standard Brands, a leading North American manufacturer of a wide
range of high quality kitchen and bath products, will provide LIXIL with
greater scale and more opportunities in North America, and this transaction
will strengthen the company's considerable manufacturing capabilities and
technological best practices. LIXIL Group's international sales are expected
to increase to approximately ¥350 billion comprising approximately 20% of
LIXIL Group revenues.

About LIXIL Corporation
Led by President and CEO Yoshiaki Fujimori, LIXIL Group Corporation (TSE Code:
5938) is a listed holding company posting ¥1.4 trillion in consolidated sales
in FY2012. The Group engages in a broad spectrum of housing businesses,
ranging from the manufacture and sales of building materials and housing
equipment to the operation of home centers and a network of homebuilding
franchises.

LIXIL Corporation, a consortium of building material companies, is a core
enterprise of the Group generating 80% of consolidated sales. The largest
housing and building materials company in Japan with a vast and unique
business portfolio, it is a leader in eight market categories, with a 55%
share in exteriors, 50% share in housing sashes and doors, 50% share in
curtain walls and 40% share in sanitary wares. LIXIL is also a leading brand
in tiles, washstand cabinet units, and bathroom and kitchen units.

Launched in April 2011 under its present structure and name, LIXIL has been
active in strategic acquisitions and partnerships in order to fortify and
accelerate its growth in foreign markets. It currently operates in more than
30 countries through premium brands offered over a broad product lineup and
services. Permasteelisa, Gartner and Shanghai Meite, for example, spearhead
our project business (building materials and curtain walls), while LIXIL,
American Standard Asia Pacific, Inax and Tostem are power players that feature
an impressive brand portfolio including kitchen units, bathroom fixtures,
windows and doors. For more information about LIXIL, please visit
http://global.lixil.co.jp/

About American Standard Brands
American Standard Brands 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 Brands, visit:
www.americanstandard.com/
twitter.com/AmStandard
www.facebook.com/AmericanStandardPlumbing

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 and experience. Sun Capital
affiliates have invested in more than 325 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 and Shenzhen. For
more information, please visit www.SunCapPart.com.

SOURCE LIXIL Corporation

Website: http://global.lixil.co.jp
Contact: LIXIL Corporation-Global Company, PR Team, Miyuki Otomo,
Global-pr@lixil.co.jp, or Stanton Public Relations & Marketing, Tom Faust,
646-502-3513, TFaust@StantonPRM.com