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Armstrong World Acquires Turf Design to Strengthen Architectural Design and Manufacturing Capabilities
Friday 31 July 2020

US-based ceiling, wall and suspension systems maker Armstrong World Industries, Inc. (NYSE: AWI) has acquired Turf Design, Inc., a commercial interiors design house based in Chicago, to expand portfolio of architectural specialities, the company said.

AWI funded the acquisition with available cash and its revolving credit facility. Financial terms of the transaction were not disclosed.

Turf will continue to operate from its current facilities and retain its company name, brands and organisational and go-to-market structures. The Turf independent representative network will remain intact and complement AWI's current go-to-market selling model.

Armstrong World Industries, Inc. is in the design and manufacture of innovative commercial and residential ceiling, wall and suspension system solutions in the Americas.

Turf is maker of custom felt ceiling and wall solutions with annual revenues of approximately USD 25m. Turf felt contains up to 60% recycled content, and it's 100% recyclable at end of life.
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Date Published: 31/07/2020

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