American Bath Group Is Said to Explore $2 Billion Sale

American Bath Group is exploring strategic options, including a sale, that could value the manufacturer of bathtubs and showers at as much as $2 billion, according to people with knowledge of the matter.

The Lone Star Funds-backed company is working with an adviser to run a sales process, said the people, who asked not to be identified because they weren’t authorized to speak publicly.

The business is likely to attract interest from peers and private equity firms, the people said. Lone Star bought the Savannah, Tennessee-based company in 2016 from fellow buyout firm Sterling Group.

A spokeswoman for ...