Deals
Lone Star Said to Be Near Deal for Sterling’s American Bath
- Maker of acrylic bath appliances said valued at $600 million
- No agreement finalized and talks may not lead to deal
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Lone Star Funds, the Dallas-based private equity firm founded by billionaire John Grayken, is near a deal to buy American Bath Group, people with knowledge of the matter said.
The firm is in talks with Sterling Group, American Bath’s current owner, to acquire the maker of acrylic showers and tubs, said the people, who asked not to be identified because the information is private. American Bath, based in Savannah, Tennessee, could fetch about $600 million in a sale, two of the people said, though that price could still change, another person said.