Western Reserve Partners LLC announced that it served as the exclusive financial adviser to Tectum, Inc. in its sale to Armstrong World Industries, Inc.
Separation enhances strategic focus and value creation potential; flooring and ceilings businesses have distinct business models and financial profiles.
Armstrong World Industries Inc. announced that its Board of Directors has unanimously approved a plan to separate the company’s flooring business from its ceilings business.
The new FastShip program from Armstrong Ceilings makes it fast and easy for contractors to get the time-saving acoustical and drywall clips and accessories they need.