In a challenging business environment also impacted by the pandemic and unprecedented market volatility the Permasteelisa Group has been able to achieve its targets in fiscal year 2022

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