LANCASTER, Pa., December 15, 2016 - Armstrong World Industries, Inc. (NYSE: AWI) today announced that it has entered into an agreement to purchase the business and assets of Ohio-based Tectum, Inc., a manufacturer of acoustical ceiling, wall and structural solutions for commercial building applications. The acquisition is expected to enable AWI to extend and expand its leading portfolio of durable, sustainable, acoustical solutions in support of the company's growth strategy to sell more solutions into every space and sell into more spaces, especially through its Architectural Specialties business. The pending transaction is subject to customary
closing conditions and is expected to close in early 2017.
About Armstrong World Industries
Armstrong World Industries, Inc. is a global leader in the design and manufacture of innovative commercial and residential ceiling, wall and suspension system solutions. With over 3,700 employees and fiscal 2015 revenues from ceiling operations in excess of $1.2 billion, AWI operates from a global manufacturing network of 24 facilities, including nine plants dedicated to its WAVE joint venture.
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detailed discussion of the risks and uncertainties that could cause our actual results to differ materially from those projected, anticipated or implied is included in the "Risk Factors" and "Management's Discussion and Analysis" sections of our reports on Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We do not undertake or assume any obligation to update or revise any forward-looking statements beyond what is required under applicable securities law.
Source: Armstrong World Industries
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Source: Armstrong World Industries, Inc. via Globenewswire
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