Deal Snapshot
ATLAS SELLS ERICKSON CONSTRUCTION TO US SUBSIDIARY OF ASAHI KASEI HOMES
Thursday 08 November 2018

US-based private investment and equity firm Atlas Holdings has entered into a definitive agreement to sell US-based residential framing products and services provider Erickson Construction to the US subsidiary of Japan-based Asahi Kasei Homes, the firm said.
AKH is part of the Asahi Kasei Group, a group of companies led by Asahi Kasei Corp. (Tokyo Stock Exchange: 3407), with operations in the material, homes and health care business sectors. The company has served Japanese urban markets with durable, earthquake-resistant, fire-resistant steel-frame homes with AAC wall panels since 1972, and now delivers over 8,000 buildings per year.


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Details
Date Published: 08/11/2018
Target: Erickson Construction
Country: USA
Sector: Construction/Real Estate
Type: Divestment
Financing:
Status: Agreed
Vendor: Atlas Holdings
Buyer: Asahi Kasei Homes
Comment:
Terms of the deal were not disclosed

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