Association of the Wall and Ceiling Industry Logo

Armstrong World Industries Completes Sale of EMEA and Pacific Rim Business to Knauf

Armstrong World Industries, Inc. announced Sept. 30 that it has completed the sale to Knauf International GmbH of certain subsidiaries comprising the EMEA and Pacific Rim businesses of the company, including the businesses of the WAVE joint venture in EMEA and the Pacific Rim, as well as Armstrong France and WAVE France.


The purchase price of $330 million is subject to customary post-closing adjustments. Knauf paid to AWI $250 million of the purchase price on Aug. 1, 2018, and $80 million of the purchase price on Sept. 15, 2018. As part of the post-closing adjustment process, these purchase price payments will be credited against the total consideration payable at closing. The company does not expect the net impact of post-closing adjustments to be material.

Browse Similar Articles

You May Also Like

New research has ranked the United States’ most populated industries and estimated what their pay could look like in 2033, in line with inflation, and the results are surprising.
A composite image made of a silhouette of the United States covered in grass.

U.S. Green Building Council Announces Top 10 U.S. States for Green Building in 2023The U.S. Green Building Council has released its annual list of Top 10 States for LEED. For

AWCI's Construction Dimensions cover

Renew or Subscribe Today!