Armstrong World Industries, Inc. Acquires Turf Design, Inc.
Turf is the leader in the specialty felt category and operates an 8,000 sq. ft. innovation center and design showroom in downtown
AWI Ceiling Solutions SVP Charlie Chiappone added, “We are very excited to have the Turf family and their independent sales representative network join our growing organization. In a relatively short period of time, Turf has rapidly developed the felt category and established itself as the innovative leader in the space. Turf’s success is clearly attributable to a commitment to inspirational design, innovation and customer service by every member of their team. We look forward to growing with them, and to building upon their success by leveraging the brand, scale and market reach of Armstrong.”
Turf will continue to operate from its current facilities and retain its company name, brands and organizational and go-to-market structures. The Turf independent representative network will remain intact and complement AWI’s current go-to-market selling model.
AWI funded the acquisition with available cash and its revolving credit facility. Financial terms of the transaction were not disclosed.
For more information, visit www.armstrongceilings.com/turfdesign.
About Armstrong World Industries
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Source: Armstrong World Industries