Armstrong World Industries Mergers and Acquisitions Summary

Building MaterialsCompany

Armstrong World Industries has acquired 8 companies, including 5 in the last 5 years. It has also divested 4 assets.

Armstrong World Industries’ largest acquisition to date was in 1998, when it acquired Triangle Pacific for $890M. It’s largest disclosed sale occurred in 2017, when it sold Knauf Gips KG - Armstrong Ceiling Tiles & Grids Businesses to Knauf Gips KG for $330M. Armstrong World Industries has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include building materials (88%) and business services (13%).

Join Mergr and gain access to Armstrong World Industries’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the building materials sector.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity8
    • M&A Sell Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 4

Armstrong World Industries

Armstrong World Industries, Inc.

2500 Columbia Avenue,
Lancaster, Pennsylvania 17603
United States,
(717) 397-0611
www.armstrongceilings.com

Armstrong World Industries is a designer and manufacturer of floors, ceilings and cabinets. Based in Lancaster, PA, Armstrong operates over 35 plants in nine countries. Armstrong World Industries was founded in 1891 and is based in Lancaster, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.0/yr) # 3 2 - 3 - - 8
vol $890M $890M
Sell (0.0/yr) # 4 - - - - - 4
vol $357M $357M
  12

Most Recent M&A

Company Date Value Type
Arktura LLC 2020-11-20 - Add-on Acquisition
Los Angeles, California · www.arktura.com
Moz Designs, Inc. 2020-08-24 - Add-on Acquisition
Oakland, California · www.mozdesigns.com
Turf Design, Inc. 2020-07-28 - Add-on Acquisition
Chicago, Illinois · www.turf.design
Steel Ceilings, Inc. 2018-07-31 - Add-on Acquisition
Johnstown, Ohio · www.steelceilings.com
Plasterform, Inc. 2018-05-31 - Add-on Acquisition
Mississauga, Ontario · www.plasterform.com
Knauf Gips KG - Armstrong Ceiling Tiles & Grids Businesses 2017-11-20 330M USD Divestiture
, United States
Tectum, Inc. 2016-12-15 - Add-on Acquisition
Newark, Ohio · www.tectum.com
Armstrong Flooring, Inc. 2016-04-04 - Spin Off
Lancaster, Pennsylvania · www.armstrongflooring.com
ACProducts, Inc. 2012-11-01 27M USD Divestiture
Ann Arbor, Michigan · www.cabinetworksgroup.com
Patriot Flooring Supply, Inc. 2012-09-05 - Divestiture
Wilmington, Massachusetts · www.patriothardwoodfloors.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Building Materials 7 (88%) 890M (100%) 3 (75%) 357M (100%)
Business Services 1 (13%) - - -
Distribution - - 1 (25%) -
Total 8 $890M 4 $357M

By Geo

State/Country Buy Value Sell Value
United States 6 890M 4 357M
  Ohio 2 - - -
  California 2 - - -
  Nevada 1 890M - -
  Illinois 1 - - -
  Pennsylvania - - 1 -
  Michigan - - 1 27M
  Massachusetts - - 1 -
Canada 2 - - -
  Quebec 1 - - -
  Ontario 1 - - -
Domestic 6 (75%) 890M (100%) 4 (100%) 357M (100%)
Cross-border 2 (25%) - - -
Total 8 $890M 4 $357M

Top M&A Advisors

Financial Deals
SunTrust Robinson Humphrey, Inc.
1
Deutsche Bank Corporate & Investment Banking
1
J.P. Morgan Securities LLC
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
1

Deal Values

buy # Total
$100M to $1B 1 $890M
TOTAL $890M
Largest Triangle Pacific Corp.
$890M (1998-06-13)
sell # Total
$100M to $1B 1 $330M
< $100M 1 $27M
TOTAL $357M
Largest Knauf Gips KG - Armstrong Ceiling Tiles & Grids Businesses
$330M (2017-11-20)

M&A Connections

Deals
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
50%
2 (50%)

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