PE-backed Cima Claddings sells unit to Japan's JS Group
Private equity-owned Cima Claddings has sold its construction unit Permasteelisa to Japanese aluminum sash maker JS Group Corp. for JPY63 billion ($820 million).
JS Group's subsidiary LIXIL Corporation has purchased more than 25.6 million shares of Italy-based Permasteelisa, whose parent, Cima, is owned by European private equity firms InvestIndustrial and Alpha....
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