m_and_a
confidence high
sentiment positive
materiality 0.55
Armstrong World Industries completes acquisition of Geometrik Manufacturing to expand wood product portfolio
ARMSTRONG WORLD INDUSTRIES INC
- Acquired Canadian wood ceiling/wall systems manufacturer Geometrik, based in Kelowna, BC.
- Geometrik adds Western Hemlock and other wood species to Armstrong's Architectural Specialties.
- 13th Architectural Specialties acquisition since 2016; funded with available cash.
- CEO Vic Grizzle expects to accelerate growth in the wood acoustical category.
- Geometrik offers nine wood products and 12 standard/custom finishes across ceiling and wall systems.
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