The Treviso Permasteelisa passed to the American fund Atlas Holding. The Treviso-based world-leading company in the engineering, project management, production, installation and after-sales services of architectural enclosures, curtain walls and interior systems was part of the Japanese group Lixil, which closed the agreement for the sale final to the US fund.
Permasteelisa, headquarters in Vittorio Veneto (Treviso), has contributed to the construction of iconic buildings such as the Shard in London, the Apple Campus in Cupertino, the new World Trade Center in New York. The company has worked with architects from all over the world, creating over 3,500 projects to date. Klaus Lother, CEO of the group, recalled that Permasteelisa is at the forefront of innovation in the curtain wall sector by integrating design, engineering, production capacity and project management to create works of excellence all over the world. The terms of the transaction, subject to customary closing conditions and regulatory approvals, were not disclosed.
This transaction in line with the efforts that the LIXIL group is making to simplify its corporate structure – explains a note – focusing on its core businesses, allowing further synergies and efficiencies through better integration. Permasteelisa’s business significantly differs from the Japanese group’s core businesses. For Timothy J. Fazio, co-founder and Managing Partner of Atlas Holdings, the Treviso-based company has solid foundations to achieve success, especially as a specialized, independent and well-capitalized business and the fund’s objective to create an even stronger company in the coming months and years.