Armstrong acquires Plasterform
Armstrong World Industries (AWI) has acquired the business and assets of Plasterform, Inc.
Based in Mississauga, Ontario, Canada, Plasterform is a 31-year manufacturer of custom architectural cast ceilings, walls, facades, columns and moldings. The company has annual revenues of about $10 million, AWI reported.
Plasterform products are made of glass-reinforced gypsum, concrete and polyester resin, and will continue to be sold in Canada, the United States and Latin America, now as part of the Armstrong Architectural Specialties custom portfolio.
AWI said that the acquisition enhances its interior accent capabilities, and further supports the company’s growth strategy of selling into more spaces and selling more into every space.
“With the unique product and service capabilities of Plasterform, we expand and enrich what is already the broadest portfolio of standard and custom specialty ceilings and walls on the market today,” said Vic Grizzle, CEO of Armstrong World Industries.
AWI expects to serve existing and future Plasterform customers out of its Mississauga manufacturing facility, as well as through its current distribution channels. Armstrong funded the acquisition with available cash. Financial terms of the transaction were not disclosed.
With headquarters in Lancaster, Pa., AWI designs and manufactures commercial and residential ceiling, wall and suspension systems.
Based in Mississauga, Ontario, Canada, Plasterform is a 31-year manufacturer of custom architectural cast ceilings, walls, facades, columns and moldings. The company has annual revenues of about $10 million, AWI reported.
Plasterform products are made of glass-reinforced gypsum, concrete and polyester resin, and will continue to be sold in Canada, the United States and Latin America, now as part of the Armstrong Architectural Specialties custom portfolio.
AWI said that the acquisition enhances its interior accent capabilities, and further supports the company’s growth strategy of selling into more spaces and selling more into every space.
“With the unique product and service capabilities of Plasterform, we expand and enrich what is already the broadest portfolio of standard and custom specialty ceilings and walls on the market today,” said Vic Grizzle, CEO of Armstrong World Industries.
AWI expects to serve existing and future Plasterform customers out of its Mississauga manufacturing facility, as well as through its current distribution channels. Armstrong funded the acquisition with available cash. Financial terms of the transaction were not disclosed.
With headquarters in Lancaster, Pa., AWI designs and manufactures commercial and residential ceiling, wall and suspension systems.