Armstrong World Industries Inc. announced that it has acquired the business and assets of Plasterform Inc., a 31-year manufacturer of custom architectural cast ceilings, walls, facades, columns and moldings, located in Mississauga, Ontario, Canada, with annual revenues of roughly $10 million. Plasterform products are made of glass-reinforced gypsum, concrete and polyester resin, and will continue to be sold in Canada, the U.S. and Latin America, now as part of the Armstrong Architectural Specialties custom portfolio. The acquisition enhances the interior accent capabilities of AWI, and further supports its growth strategy of selling into more spaces and selling more into every space.
AWI CEO Vic Grizzle says, “With the unique product and service capabilities of Plasterform, we expand and enrich what is already broad portfolio of standard and custom specialty ceilings and walls. We are excited to welcome the employees, sales team, customers, and business partners of Plasterform to the Armstrong family.”
Armstrong expects to serve existing and future Plasterform customers out of its Mississauga manufacturing facility, as well as through its current distribution channels. Armstrong funded the acquisition with available cash. Financial terms of the transaction were not disclosed.
To learn more about the AWI line of Plasterform architectural solutions, visit onlineTo learn more about the AWI line of Plasterform architectural solutions, visit online..