May 5, 2020
Willkie is representing Atlas in the transaction.
On May 1, it was announced that LIXIL Group Corporation entered into a definitive agreement to sell global contractor Permasteelisa S.p.A to Atlas Holdings. Atlas and its affiliates own and operate a diversified group of global manufacturing, distribution and construction businesses with a unique emphasis on safety and operational improvement. The transaction is subject to customary closing conditions and regulatory approvals. Willkie is representing Atlas in the acquisition.
Permasteelisa is a leading global contractor in the engineering, project management, manufacturing, installation and after-sales services of advanced building facades, architectural envelopes and interiors. The company has brought to life some of the most iconic buildings defining city skylines today, from the Shard in London to Apple’s HQ campus in Cupertino, the World Trade Center redevelopment in New York, through to the World Financial Center in Shanghai and the International Commerce Center in Hong Kong. Headquartered in Vittorio Veneto, Italy, the company has worked with architects around the world on over 3,500 projects to date.
Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 20 platform companies which employ approximately 20,000 associates at more than 150 facilities worldwide. Atlas operates in sectors such as aluminum processing, automotive, building materials, capital equipment, construction services, food manufacturing and distribution, packaging, paper, power generation, pulp, supply chain management and wood products. Atlas’ companies together generate more than $5 billion dollars in revenues annually.
Based in Tokyo, Japan, LIXIL makes pioneering water and housing products that solve everyday, real-life challenges, creating leading technology to make high quality products that transform homes. Its portfolio includes industry leading brands, including INAX, GROHE, American Standard, and TOSTEM.
The Willkie team was led by partners Claire McDaid, Mark Cognetti, Laura Acker and Steven Seidman, and included Delfino e Associati partner Luca Leonardi, and partners Jane Scobie and Rahul Saha.
