M&A Deal Summary

Knauf Gips KG Acquires Zentia

On November 20, 2017, Knauf Gips KG acquired building materials company Zentia from Armstrong World Industries for 330M USD

Acquisition Highlights
  • This is Knauf Gips KG’s 1st transaction in the Building Materials sector.
  • This is Knauf Gips KG’s 2nd largest (disclosed) transaction.
  • This is Knauf Gips KG’s 1st transaction in the United Kingdom.
Investment Fate
  • Zentia was divested to a consortium of buyers in 2019.

M&A Deal Summary
Date 2017-11-20
Target Zentia
Sector Building Materials
Buyer(s) Knauf Gips KG
Sellers(s) Armstrong World Industries
Deal Type Divestiture
Deal Value 330M USD

Target

Zentia

Gateshead, United Kingdom
Zentia provides mineral fibre tiles and grids for modular suspended ceilings to commercial properties, with its products widely used in offices, schools and hospital. Zentia is based in Gateshead, United Kingdom.

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Buyer(S) 1

Buyer

Knauf Gips KG

Iphofen, Germany
Category Company
Founded 1932
Sector Building Materials
Revenue 8.0B USD (2017)
DESCRIPTION

Knauf Gips KG is a manufacturer of building materials operating more than 220 factories worldwide. Knauf Gips was founded in 1932 and is based in Iphofen, Germany.

DEAL STATS #
Overall 1 of 2
Sector (Building Materials) 1 of 2
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 USG

Chicago, Illinois, United States

USG Corp. is a manufacturer and distributor of building materials. USG produces a wide range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction as well as products used in certain industrial processes. USG was formed in 1901 and is based in Chicago, Illinois.

Buy $7.0B

Seller(S) 1

SELLER

Armstrong World Industries

Lancaster, Pennsylvania, United States
Category Company
Founded 1860
Sector Building Materials
Employees3,100
Revenue 1.3B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 4
Sector (Building Materials) 3 of 3
Type (Divestiture) 3 of 3
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 Tectum

Newark, Ohio, United States

Tectum, Inc. is a manufacturer of acoustical ceiling, wall and structural solutions for commercial building applications. It offers interior wall panels; interior ceiling panels, such as direct-attached, lay-in, acoustic-tough. The company was founded in 1949 and is based in Newark, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 Plasterform

Mississauga, Ontario, Canada

Plasterform, Inc. is a manufacturer of ultra-expressive, durable, custom architectural cast ceilings, walls, facades, columns and moldings, located in Mississauga, Ontario, Canada.

Buy -
Mergr

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