# AURELIUS Equity to buy Armstrong ceiling business from Knauf

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.

- Type: Acquisition
- Announced: 2019-08-09
- Where: Team Valley, UK, United Kingdom
- Status: announced
- Products: mineral fibre ceiling tiles, ceiling grids
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Aurelius Equity Opportunities](https://endata.com/companies/1328.md) (acquirer)
- [Knauf International GmbH](https://endata.com/companies/23643.md) (partner)
- [Armstrong World Industries](https://endata.com/companies/24037.md) (target)

## Sources

- [privateequityinternational.com](https://www.privateequityinternational.com/aurelius-equity-to-buy-armstrong-ceiling-business-from-knauf/), 2019-08-09: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.