Armstrong World Industries, Inc. Acquires MRK Industries, Inc.
Armstrong World Industries, Inc. (“AWI”) announced it has completed its acquisition of MRK Industries, Inc. (“MRK”), a manufacturer of specialty metal ceiling, wall and exterior solutions. This acquisition further advances AWI’s strategy to sell into more spaces and sell more into every space by aggressively penetrating the architectural specialties segment with the broadest portfolio and capabilities on the market. MRK marks AWI’s fifth acquisition in three years.
AWI CEO Vic Grizzle said, “We know MRK and its management team well, as they have been a key supplier to us for several years, including supporting the Grand Central Terminal project in New York City. We welcome the employees to our architectural specialties team and look forward to integrating their unique capabilities, capacity and management know-how into AWI.”
MRK is a manufacturer of specialty metal ceiling, wall and exterior solutions located in Libertyville, Illinois, with annual revenues of approximately $14 million. AWI funded the acquisition with available cash. Financial terms of the transaction were not disclosed.
Armstrong World Industries, Inc. is a leader in the design and manufacture of innovative commercial and residential ceiling, wall and suspension system solutions in the Americas. With approximately $1B in revenue, AWI has about 2,500 employees and a manufacturing network of twelve facilities plus five plants dedicated to its WAVE joint venture.
Source: Armstrong World Industries, Inc.