Seale Advised American Standard Companies on the Divestiture of Calorex

Seale & Associates advised American Standard, Inc., a global company focused on central air conditioning systems and service, plumbing products, and electronic braking and control systems for heavy-duty trucks and buses, on the sale of Cal-o-Rex, a leading manufacturer of water heaters for Mexican and international markets, to Grupo Industrial Saltillo S.A. de C.V., a leading Mexican industrial company.

About GIS

Grupo Industrial Saltillo, S.A. de C.V. (BMV: GISSA) is one of Mexico’s leading industrial companies operating in the automotive, building products and housewares industries with revenues of approximately US$880 million.

GIS’s automotive business includes the world’s largest non-captive cast iron foundry, an aluminum foundry, and production of small ductile iron casting auto parts. The Building Products Business produces ceramic tiles and water heaters. The Housewares Business produces kitchenware and tableware. For more information, visit www.gis.com.

About American Standard

American Standard was founded in 1886 in Detroit, Michigan, and is now headquartered in Piscataway, New Jersey. Is a company that manufactures bathroom and kitchen products. They offer a variety of styles, including traditional, transitional, and modern. They also have a line of products specifically designed for professionals. Some of their products include toilets, sinks, faucets, and tubs. For more information, visit www.americanstandard.com. 

About Seale & Associates

Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise-level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, visit www.sealeassociates.com.