MAAX sold to U.S. firm

MONTREAL — Bath maker MAAX is being sold off to the American Bath Group by owner Brookfield Asset Management for an undisclosed sum. MAAX has four plants each in Canada (mainly Quebec) and the U.S. Founded 47 years ago in Quebec, the company says it will keeps its production facilities in place, working independently from Tennessee-based American Bath. CEO Mark Gold will also remain at the helm following the transition.