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Standard Radiators Pvt history
Standard Radiators Pvt company history timeline
Around 1963 ARSS began a program of diversification that would occupy it for the next 15 years.
In 1971 Eberle was shuffled out, and his successor, William Marquard, set aside $100 million on the balance sheet to defray the expected cost of undoing Eberle's work.
In 1983 American Standard purchased The Trane Company, the largest commercial air conditioning products company in the United States.
Kelso & Co., an investment banking firm with ties to American Standard's management, bid $78 a share, or 18.6 times American Standard's 1987 earnings.
The railway braking products unit was sold in 1990.
With the help of Chemical Bank, American Standard undertook a $1 billion refinancing program in 1993.
Operating income for the first quarter of 1995 was up 43 percent, and sales increased 24 percent.
Sales in 1997 reached the $6 billion level after American Standard rejected a $4 billion buyout bid from industrial conglomerate Tyco International Ltd. at the beginning of the year.
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Standard Radiators Pvt may also be known as or be related to STANDARD RADIATORS PVT LTD, Standard Radiators Pvt and Standard Radiators Pvt. Ltd.