Permasteelisa Group announced today that the company has been acquired by Atlas Holdings. Headquartered in Greenwich, Connecticut, USA, Atlas owns and operates 22 manufacturing and distribution companies which employ more than 25,000 associates at more than 200 facilities worldwide.

The Permasteelisa Group, a world leader in the 'curtain wall' industry, has completed the architectural envelope of the new One Vanderbilt, the iconic tower inaugurated on September 14 in New York.

In Atlas, LIXIL Group believes it has found an ideal owner for Permasteelisa, committed to continuing the turnaround of the company into a profitable, standalone business. Transaction enables LIXIL Group to further focus on its core water and housing technology businesses

The Permasteelisa Group, a world leader in the “curtain wall” sector, is installing the façades on the tower designed by IF Architectes in collaboration with SRA Architectes. The tower is located in the heart of the Défense district in Paris and will reach completion in 2020.