Cladding giant Permasteelisa snapped up by US firm

By Dave Rogers2020-05-04T05:00:00

Company’s current jobs include Google HQ building and Battersea Power Station redevelopment, both stalled by covid-19 pandemic

Cladding contractor Permasteelisa is being bought by a US private equity firm three years after the US government blocked its sale to a Chinese firm.

Italy-based Permasteelisa, which has close to 6,000 employees, was bought by Japanese firm Lixil nine years ago for €573m (£490m).

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