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Tectum, Inc. has been acquired by Armstrong World Industries, Inc.

The private shareholders of Tectum, Inc. have sold the company to Armstrong World Industries, Inc. (AWI). Financial details have not been disclosed.

Based in Newark, Ohio, Tectum is a manufacturer of high-impact wood fiber acoustical panels and roof deck for the commercial and institutional construction industries, with a history spanning over 65 years. In particular, the company has a very strong presence in the education market providing noise absorption solutions for decades in school hallways, gymnasiums and indoor swimming pools.

AWI, headquartered in Lancaster, Pennsylvania, is a global leader in the design and manufacture of innovative commercial and residential ceiling, wall and suspension system solutions. With over 3,700 employees and fiscal 2015 revenues from ceiling operations in excess of US$1.2 billion, AWI operates from a global manufacturing network of 24 facilities, including 9 plants dedicated to its WAVE joint venture.

Oaklins' team in Cleveland served as the exclusive financial advisor to Tectum, Inc. in its sale to Armstrong World Industries, Inc. (NYSE: AWI). The acquisition complements the growth strategy of AWI’s architectural specialties business under its ceiling solutions umbrella.

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M&A sell-side
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Talk to the deal team

 Kevin J. Mayer

Kevin J. Mayer

Managing Director

Cleveland, United States
Oaklins Citizens Capital Markets
 Jason P. Anderson

Jason P. Anderson

Associate Director

Cleveland, United States
Oaklins Citizens Capital Markets
 Andrew R. Ripich

Andrew R. Ripich

Associate

Cleveland, United States
Oaklins Citizens Capital Markets

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