Armstrong World Industries Acquires BŌK Modern and Expands its Architectural Metal Capabilities
24 7월 2023 - 8:30PM
Armstrong World Industries, Inc. (NYSE: AWI), a leader in the
design, innovation and manufacture of ceiling and wall solutions in
the Americas, today announced that it has acquired BŌK Modern, LLC
(BŌK), a pioneer in the design and development of integrated
architectural metal systems for interior and exterior applications.
BŌK has built its business on collaborating with
architects, designers, general contractors, and installers to build
a growing portfolio of innovative architectural metal solutions. In
addition to adding aesthetic appeal, many of its patented designs
reduce the amount of metal needed for support structures leading to
significant project cost savings. Their portfolio includes standard
products and custom solutions such as façades and screens for
interior and exterior partitions.
“BŌK is a strong complement to our growing metal
category and will add new design capabilities to AWI with a
particular focus on innovating to deliver customers’ design intent
with greater efficiency,” said AWI CEO and President Vic Grizzle.
“We look forward to welcoming the BŌK Modern team to the Armstrong
family and to the opportunities ahead as we collaborate to
accelerate growth in the metal category.”
BŌK was founded in Northern California in 2009
by designer Heddie Chu and architect Russ Naylor who are both
remaining with the company. Since its founding, the company has
developed a proven track record with a marquee clientele in the
architecture and construction industry based on their innovation,
knowledge, service and reliability. With a unique approach to metal
fabrication, design and engineering, BŌK works to bring design
visions into reality by combining the best design and technical
approach to provide superior aesthetics with simplicity and
efficiency.
“Much like Armstrong, we pride ourselves on
helping designers and architects bring their vision to life with
simple, elegant solutions,” said Chu and Naylor. “Armstrong has
built a unique position in the industry for metal architectural
solutions, and we’re excited about the growth we can achieve by
partnering with Armstrong. We look forward to collaborating with
Armstrong’s Moz and Arktura businesses, along with our broader
metal network, as we share common design and innovation DNA."
BŌK Modern had 2022 revenues of
approximately $12 million. AWI funded the acquisition with
available cash. Financial terms of the transaction were not
disclosed.
For more information,
visit www.armstrongceilings.com/BOKModern.
About Armstrong World
IndustriesArmstrong World Industries, Inc. (AWI) is a
leader in the design and manufacture of innovative ceiling and wall
system solutions in the Americas. With $1.2 billion in revenue in
2022, AWI has approximately 3,000 employees and a manufacturing
network of 16 facilities, plus seven facilities dedicated to its
WAVE joint venture.
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Contact:Theresa Womble,
tlwomble@armstrongceilings.com or (717) 396-6354
Armstrong World Industries (NYSE:AWI)
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Armstrong World Industries (NYSE:AWI)
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