Kitchen & Bath Design News

OCT 2014

Kitchen & Bath Design News is the industry's leading business, design and product resource for the kitchen and bath trade.

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L AUFEN Bathrooms Nor th A meric a 11190 NW 25 th Street | Miami, FL 33172 USA T. 866.696.2493 | F. 866.264.7622 E. usa @ laufen.com | W. w w w.laufen.com/usa Created with Swiss precision and high quality demands. Combined with the love for detail, exceptional bathroom concepts come to life: LAUFEN Palomba Collection, design by L+R Palomba H E A R T M A D E . H A N D F I N I S H E D. Circle No. 6 on Product Card Sterling's acquisition of Aquatic from Tomkins is the latest of the frm's "carve- out" deals. During its 32-year history, Sterling has sponsored the carve-out of 22 businesses from larger corporate parents, including multiple acquisitions from DuPont, British Petroleum and Tomkins. "Aquatic is an industry leader poised to outperform as a stand-alone enter- prise with supportive partners," said Kevin Garland, a partner at The Sterling Group. "We look forward to achieving new levels of proftability and creating value for all shareholders." Aquatic Sold To Sterling Anaheim, CA — Aquatic has an- nounced its acquisition by The Sterling Group, a middle market equity frm renowned for acquir- ing and accelerating the growth of businesses in the manufactur- ing, distribution and industrial service categories. Aquatic is the third business that Sterling has acquired from the former Tomkins group in a three-year period. "Aquatic is a great ft for Ster- ling's portfolio in terms of size, industry and growth potential," said Stuart Leigh, president, Aquatic. "We're well positioned to take full advantage of the housing market recovery, and are confdent that this partner- ship will help propel us forward at an even faster rate." Industry Update { Noteworthy developments impacting the kitchen and bath market } Wood-Mode Opens Center Lancaster, PA — Wood- Mode has opened its first Wood-Mode Lifestyle Design Center, located in LuxeHome on the frst foor of Chicago's Merchandise Mart. Wood-Mode has had a successful presence in the Merchandise Mart for more than 20 years, according to the company, and has made the strategic move to open its own design center that will be available to all Wood- Mode dealers. Homeowners, designers, architects, build- ers and trade professionals are also welcome to use the facility. The center will act as a showcase for the latest product releases and lifestyle design themes from the frm. "We will develop and man- age this space in LuxeHome in the Merchandise Mart as a strategic location for inspiring and capturing the attention of our customers, architects, interior designers, builders and trade professionals," said Brooks Gronlund, president and COO of Wood-Mode Inc.

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