# Grandland Holdings to acquire Permasteelisa Group for EUR 467M

Grandland Holdings Group announced it will acquire 100% of Permasteelisa S.p.A., a global leader in curtain wall manufacturing, from LIXIL Corporation for EUR 467 million. The transaction is subject to regulatory approvals, and Permasteelisa's management will remain.

- Type: Acquisition
- Announced: 2017-08-22
- Where: Vittorio Veneto, Italy, Italy
- Value: $550.0M (467.0M EUR)
- Status: announced
- Products: architectural envelopes, curtain walls, interior systems
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [LIXIL Group](https://endata.com/companies/6463.md) (partner)
- [LIXIL Group](https://endata.com/companies/6463.md) (target)
- [Permasteelisa](https://endata.com/companies/6464.md) (target)
- [Grandland Holdings Group](https://endata.com/companies/26463.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/grandland-to-acquire-permasteelisa-group-300507808.html), 2017-08-22: "Grandland will pay an acquisition price of EUR 467 million with the strong commitment from Chinese state banks, and Grandland has secured additional funding to support the future financing requirements of Permasteelisa."
- [usg.mydigitalpublication.com](https://usg.mydigitalpublication.com/articles/mergers-acquisitions?article_id=2884872&i=438707), 2017-09-18: "Japanese corporation LIXIL Group will sell all of its shares of global glazing contractor Permasteelisa to China-based Grandland Holdings Group Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.