Armstrong World Industries - M&A Summary and Business Overview

Building MaterialsCompany

Armstrong World Industries M&A Summary

Armstrong World Industries has acquired 11 companies, including 6 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 Zentia to Knauf Gips KG for $330M. Armstrong World Industries has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include building materials (82%) and business services (10%).

Armstrong World Industries Business Overview

Where is Armstrong World Industries headquartered?

Armstrong World Industries is headquartered in Lancaster, Pennsylvania.

What is Armstrong World Industries’ revenue?

Armstrong World Industries disclosed revenue of 1,295M USD for 2023 and 1,233M USD for 2022.

How many employees does Armstrong World Industries have?

Armstrong World Industries has 3,100 employees.

What sector is Armstrong World Industries in?

Armstrong World Industries is a building materials company.

When was Armstrong World Industries founded?

Armstrong World Industries was founded in 1860.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity11
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • 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 incorporated in 1860 and is based in Lancaster, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 5 3 - 1 1 1 11
vol $890M $890M
Sell (0.0/yr) # 4 - - - - - 4
vol $357M $357M
  15

Most Recent M&A

Company Date Value Type
3form, Inc. 2024-04-29 - Divestiture
Salt Lake City, Utah · www.3-form.com
BŌK Modern LLC 2023-07-24 - Add-on Acquisition
San Rafael, California · www.bokmodern.com
GC Products, Inc. 2022-11-07 - Add-on Acquisition
Lincoln, California · www.gcproductsinc.com
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
Zentia Ltd. 2017-11-20 330M USD Divestiture
Gateshead, United Kingdom · www.zentia.com
Tectum, Inc. 2016-12-15 - Add-on Acquisition
Newark, Ohio · www.tectum.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Building Materials 9 (82%) 890M (100%) 3 (75%) 357M (100%)
Business Services 1 (9%) - - -
Construction 1 (9%) - - -
Distribution - - 1 (25%) -
Total 11 $890M 4 $357M

By Geo

State/Country Buy Value Sell Value
United States 9 890M 3 27M
  California 4 - - -
  Ohio 2 - - -
  Utah 1 - - -
  Nevada 1 890M - -
  Illinois 1 - - -
  Pennsylvania - - 1 -
  Michigan - - 1 27M
  Massachusetts - - 1 -
Canada 2 - - -
  Quebec 1 - - -
  Ontario 1 - - -
United Kingdom - - 1 330M
Domestic 9 (82%) 890M (100%) 3 (75%) 27M (8%)
Cross-border 2 (18%) - 1 (25%) 330M (92%)
Total 11 $890M 4 $357M

Top M&A Advisors

Financial Deals
SunTrust Robinson Humphrey, Inc.
 1
Deutsche Bank Corporate & Investment Banking
 1
J.P. Morgan Securities
 1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
 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 Zentia Ltd.
$330M (2017-11-20)

M&A Connections

Deals
Acquired from
Strategic(s)
9%
1 (9%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Building Materials

Revenue

1,295   6% 2023
1,233   12% 2022
1,107   19% 2021
937   10% 2020
1,038   7% 2019
975   10% 2018
894   28% 2017
1,235   49% 2016
2,420   4% 2015
2,515   2014
(millions of USD) Show More Show Less

Employees

3,100

Established

1860

Public

NYSE: AWI

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