Permasteelisa to be Sold to Chinese Company
Aug 21st, 2017
Japanese corporation LIXIL Group will sell all of its shares of global glazing contractor Permasteelisa to China-based Grandland Holdings Group Limited, the companies announced Monday. The transaction is valued at approximately $550.2 million. In a letter to shareholders Monday, LIXIL president Kinya Seto said that despite Permasteelisa’s strong market presence worldwide, “there are many differences […]
