Armstrong World Industries
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Armstrong World Industries - overview
Established
1860
Location
Lancaster, PA, US
Primary Industry
Construction
About
Armstrong World Industries, based in the US, specializes in manufacturing innovative ceiling, wall, and grid solutions, catering to diverse architectural needs across commercial and residential markets. Founded in 1860 in Lancaster, US, Armstrong World Industries operates in the ceiling and wall systems sector, providing architectural solutions. The company underwent a significant strategic pivot in 2012 when it sold its cabinets business to American Industrial Partners for USD 27 million. Armstrong has been involved in 4 deals, with the most recent deal taking place on March 1, 2014.
The CEO is Victor Grizzle. Armstrong World Industries offers an extensive range of ceiling, wall, and grid solutions, including ceiling tiles, panels, wall systems, and grid frameworks. These products enhance aesthetics and provide benefits such as sound absorption, thermal insulation, and fire resistance. They serve architects, builders, contractors, and homeowners across various regions, including North America, Europe, and Asia.
Armstrong World Industries generates revenue of USD 1. 45 bn in 2024 through a multi-faceted structure involving direct consumer sales, partnerships with retailers, and B2B engagements. The pricing of their premium products reflects their quality and performance, catering to a wide clientele from commercial enterprises to individual homeowners. Armstrong World Industries plans to leverage its recent funding of USD 110.
00 mn to support the development of new products and enhance its market presence. Specifically, the company is focused on launching innovative ceiling and wall solutions aimed at expanding its footprint in emerging markets across Asia and Europe by 2026. Recent strategic moves include a special dividend declaration in November 2010 and the acquisition of the cabinets business in September 2012.
Primary Industry
Construction
Sub Industries
Furniture, Construction, Wood/Hard Products, Materials
Website
www.armstrong.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Armstrong World Industries - timeline of key events
Armstrong World Industries - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Armstrong World Industries | - | ||||||||
| Secondary Buyout | Completed | Armstrong World Industries | - | ||||||||
| Private Placement/Follow on | Completed | Armstrong World Industries | - | ||||||||
| PIPE | Completed | Armstrong World Industries | - | ||||||||
| Buyout | Completed | Armacell Limited | - |
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Armstrong World Industries - employee data
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