LANCASTER, Pennsylvania
,
November 7, 2022
(press release)
–
Armstrong World Industries, Inc., a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, today announced it has acquired GC Products, a leading manufacturer of durable, custom architectural interior products made of glass fiber reinforced gypsum and cement (GFRG/GRG and GFRC). Based in Lincoln CA, GC Products increases AWI’s ability to serve customers in the Western U.S. with molded ceiling, specialty wall and other interior and exterior products. Mark Hershey, AWI senior vice president, Americas said, “We are pleased to welcome GC Products to our growing Architectural Specialties segment. With their innovative portfolio and strong regional brand recognition, GC Products is an attractive complement to our existing Plasterform architectural castings business and increases our ability to serve the growing demand for custom-cast and other novel architectural solutions. We look forward to building on the success of GC Products by leveraging AWI’s brand, scale and market reach.” GC Products was founded in 2003. AWI funded the acquisition with available cash. Financial terms of the transaction were not disclosed. About Armstrong World Industries Armstrong World Industries, Inc. (AWI) is a leader in the design, innovation and manufacture of ceiling and wall system solutions in the Americas. With $1.1 billion in revenue in 2021, AWI has approximately 3,000 employees and a manufacturing network of 15 facilities, plus six facilities dedicated to its WAVE joint venture. Contacts Investors: Theresa Womble, tlwomble@armstrongceilings.com or (717) 396-6354 Media: Jennifer Johnson, jenniferjohnson@armstrongceilings.com or (866) 321-6677
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.