No cuts expected at Salem plant

Terms of the acquisition weren’t disclosed.

SALEM — No cuts are expected at this time at what has become the American Standard Americas plant in the city, a company spokesman said.

Sun Capital Partners, Inc., an international private investment firm specializing in leveraged buyouts and turnaround efforts in market–leading companies, announced last week that one of its affiliates has signed an agreement to acquire a controlling interest in American Standard Americas.

The name of Sun Capital’s affiliate was not disclosed. Terms of the acquisition also were not made public.

The local plant on South Ellsworth Avenue employs 365 hourly workers and 47 salaried workers, Tracy Benson Kirker, a company spokesman, said Tuesday.

The plant that has operated as American Standard Co. in Salem since 1973 has made bathtubs, sinks and whirlpools.

The American Standard Americas company was formed recently by Bain Capital Partners LLC, a Boston-based private investment firm, through its acquisition of the Global Bath and Kitchen business of American Standard Companies, Inc.

American Standard Companies Inc. previously announced the sale to Bain for $1.745 billion. A sales agreement had been disclosed last July.

Bain will continue to have a minority stake in the new company.

American Standard Americas, based in Piscataway, N.J., says it is a leading manufacturer of bath and kitchen products, including fixtures, faucets and fittings; kitchen, bathing and wellness products; and bathroom furniture and accessories marketed under the American Standard, Porcher, and Jado brands.

American Standard has been making products for 130 years.

Recent products include product lines for residential and commercial markets, new construction and replacement and remodeling.

The network includes wholesalers, including showrooms; retailers, including do-it-yourself centers; and specialty merchants.