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AURELIUS Equity Opportunities agreed to acquire the Armstrong ceiling tiles and grids businesses in 11 European countries from Knauf International. The businesses include two production facilities and have estimated 2019 revenues of £75 million.
“AURELIUS Equity Opportunities SE & Co KGaA said Aug. 9 that it agreed to buy the Armstrong ceiling tiles and grids businesses in Austria, Estonia, Germany, Ireland, Italy, Latvia, Lithuania, Portugal, Spain, Turkey and the UK from Knauf International GmbH.”privateequityinternational.com
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