Armstrong completes Steel Ceilings deal
Armstrong World Industries, Inc. has completed its acquisition of Steel Ceilings, Inc. (SCI), a manufacturer of standard and custom aluminum and stainless metal ceilings that include architectural, radiant, and security solutions.
Based in Johnstown, Ohio, SCI has annual sales of approximately $10 million. This acquisition expands AWI’s presence in the architectural specialties segment and provides additional capabilities to sell into more spaces, AWI said.
“Acquiring SCI was a natural decision for us, AWI CEO Vic Grizzle said. “With their architectural, radiant and security solutions, we expand our manufacturing capacity and overall capability to meet the growing demand for metal ceilings. It’s a great addition to our architectural specialties ceilings portfolio, and we are delighted to have the team on board.”
Based in Johnstown, Ohio, SCI has annual sales of approximately $10 million. This acquisition expands AWI’s presence in the architectural specialties segment and provides additional capabilities to sell into more spaces, AWI said.
“Acquiring SCI was a natural decision for us, AWI CEO Vic Grizzle said. “With their architectural, radiant and security solutions, we expand our manufacturing capacity and overall capability to meet the growing demand for metal ceilings. It’s a great addition to our architectural specialties ceilings portfolio, and we are delighted to have the team on board.”
AWI will continue to serve existing SCI customers out of the Ohio facility. AWI funded the acquisition with available cash. Financial terms of the transaction were not disclosed.
HBSDealer first reported the deal last month.
With headquarters in Lancaster, Pa., AWI manufactures commercial and residential ceiling, wall, and suspension system solutions.