Armstrong World Industries, a leading provider of ceiling and wall solutions, has recently made a significant acquisition. The company has expanded its Architectural Specialties portfolio by acquiring 3form, LLC, a prominent designer and manufacturer of sustainable architectural resins and glass for interior applications. The acquisition is expected to bring exciting new materials and design capabilities to Armstrong's portfolio.
3form, which was previously a wholly owned subsidiary of Hunter Douglas Group, generated approximately $96 million in revenue in 2023. It operates with three production and design facilities and has around 390 employees. The acquisition was funded by Armstrong through its revolving credit facility, with District Capital Partners acting as its buyside adviser.
Armstrong World Industries, with $1.3 billion in revenue in 2023 and approximately 3,100 employees, aims to provide innovative ceiling and wall system solutions in the Americas. The company's acquisition of 3form is set to enhance its ability to offer unique solutions that cater to the creative visions of architects and designers, ultimately transforming how people experience different spaces. Today the company's shares have moved 1.3% to a price of $118.49. For more information, read the company's full 8-K submission here.
