Bain buys American Standard division

American Standard Cos. announced today the completion of the sale of its bath-and-kitchen products division to Bain Capital Partners LLC, a private equity firm with offices in Boston, for $1.745 billion.

Plans for the sale were first disclosed in July.

The bath-and-kitchen products business had 2006 sales of $2.4 billion, and the business employs 26,000 workers in 23 countries worldwide, New Jersey-based American Standard said.
(By Chris Reidy, Globe staff)