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Last Trade
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Last Trade:
$63.20
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Change:
-0.68 (-1.06%)
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Trade Time:
01:46 PM EST
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Market Cap:
$3.13B
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Description of Business
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Armstrong World Industries, Inc. ("AWI" or the "Company") is a Pennsylvania
corporation incorporated in 1891. When we refer to "we," "our" and "us" in this
report, we are referring to AWI and its subsidiaries.
We are a global leader in the design, innovation and manufacture of commercial
and residential ceiling, wall and suspension system solutions. We design,
manufacture and sell ceiling systems (primarily mineral fiber, fiberglass wool
and metal) throughout the Americas.
On November 17, 2017, we entered into a Share Purchase Agreement (the "Purchase
Agreement") with Knauf International GmbH ("Knauf"), to sell certain
subsidiaries comprising our business in Europe, the Middle East and Africa
(including Russia) ("EMEA") and the Pacific Rim, including the corresponding
businesses and operations conducted by Worthington Armstrong Venture ("WAVE"),
our joint venture with Worthington Industries, Inc., in which AWI holds a 50%
interest.
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