American Standard Cos. Inc. announced it has signed an agreement to acquire Blue Circle Industries PLC's Bathroom Division for $417 million.

American Standard Cos. Inc. (NYSE: ASD) announced it has signed an agreement to acquire Blue Circle Industries PLC's Bathroom Division for $417 million in cash. The division consists of two main businesses - Armitage Shanks, a United Kingdom manufacturer of ceramic sanitaryware, brassware and integrated plumbing systems, and Ceramica Dolomite, an Italian manufacturer of ceramic sanitaryware.