Armstrong completes acquisition of exterior metal specialist Zahner (est. $42M rev)

ARMSTRONG WORLD INDUSTRIES INC

Acquisition of A. Zahner Company completed Dec 4, 2024; Zahner is leader in exterior architectural metal solutions.
Zahner projected 2024 revenue of ~$42M; funded with existing cash and revolving credit facility.
Zahner has ~160 employees with production facilities in Missouri and Texas.
Acquisition expands Armstrong's exterior metal capabilities, complementing prior BOK Modern purchase in 2023.
This is the 12th Architectural Specialties acquisition since 2016, broadening portfolio for interior and exterior applications.

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