Armstrong World Industries, Inc. (AWI) has agreed to acquire Arktura, LLC, a designer and fabricator of ceilings, walls, partitions and facades based in Los Angeles, California. The company expects to fund the acquisition with its revolving credit facility and available cash.

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Armstrong World Industries, Inc. (AWI) has agreed to acquire Arktura, LLC, a designer and fabricator of ceilings, walls, partitions and facades based in Los Angeles, California. The company expects to fund the acquisition with its revolving credit facility and available cash.

RTTNews | Nov 20, 2020 06:43AM EST

06:43 Friday, November 20, 2020 (RTTNews.com) - Armstrong World Industries, Inc. (AWI) has agreed to acquire Arktura, LLC, a designer and fabricator of ceilings, walls, partitions and facades based in Los Angeles, California. The company expects to fund the acquisition with its revolving credit facility and available cash.

In connection with the transaction, the company and Arktura also plan to form and launch Arktura Ventures LLC, an incubator for exploring and accelerating new product, technology and materials solutions in architecture, design, engineering and construction, above and beyond their existing core businesses.

Read the original article on RTTNews ( https://www.rttnews.com/3147703/armstrong-to-acquire-arktura-quick-facts.aspx)

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