Armstrong World Industries, Inc., Lancaster, Pa., announced Dec. 15, 2016, that it has entered into an agreement to purchase the business and assets of Ohio-based Tectum, Inc., a manufacturer of acoustical ceiling, wall and structural solutions for commercial building applications. The acquisition is expected to enable AWI to extend and expand its portfolio of durable, sustainable, acoustical solutions in support of the company’s growth strategy to sell more solutions into every space and sell into more spaces, especially through its architectural specialties business.
The pending transaction is subject to customary closing conditions and is expected to close in early 2017.
