# US government blocks Lixil's sale of Permasteelisa to Grandland

A US government panel blocked Japanese company Lixil from selling its Italian cladding subsidiary Permasteelisa to Chinese firm Grandland for €467 million, citing national security concerns.

- Type: Acquisition
- Announced: 2018-10-23
- Where: United States
- Value: $540.0M (467.0M EUR)
- Status: cancelled
- Products: building cladding
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

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

## Sources

- [globalconstructionreview.com](https://www.globalconstructionreview.com/us-blocks-sale-italian-cladding-giant-permasteelis/), 2018-10-23: "The trade war probably had an effect on the American decision."

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