Worthington Armstrong Joint Venture Expands Solutions for Data Centers with Acquisition
02 8월 2024 - 5:15AM
Business Wire
Armstrong World Industries. Inc. (NYSE:AWI) and Worthington
Enterprises (NYSE: WOR) announced today that their Worthington
Armstrong joint venture (WAVE) has acquired all of the assets of
Amherst, NY-based Data Center Resources, LLC (DCR) related to the
design and manufacture of customizable, modular aisle containment
solutions for data centers, under the Cool Shield brand.
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“We are excited to expand our design and manufacturing
capabilities for the data center market with this acquisition,”
said WAVE President and CEO Doug Cadle. “Cool Shield is a trusted
and specified choice among some of the largest data center owners
and operators in the United States.”
DCR solutions are designed to optimize power usage and increase
cooling efficiency within data centers, resulting in lower
operating costs and less strain on electrical grid infrastructure.
These solutions will also help solve other challenges presented by
the growth in data centers, including construction lead times and
skilled labor availability.
Cadle concluded, “These innovative aisle containment products,
combined with our DynaMax® structural grid and Armstrong ceiling
solutions, enable us to design and manufacture integrated solutions
that reduce energy usage and lower operating costs with
easy-to-install modular products. With WAVE’s innovative
construction systems and Armstrong’s go-to-market strength, we
anticipate accelerating the growth of these scalable solutions and
delivering a unique value proposition for data center architects,
engineers, specifiers and managers.”
About WAVE
WAVE is the North America leader in the design and production of
suspended ceiling system solutions sold under the Armstrong brand
name. A joint venture between Armstrong World Industries and
Worthington Enterprises, WAVE combines the culture and strengths of
both parent companies. WAVE employs over 400 employees and operates
7 manufacturing facilities.
About Armstrong World Industries
Armstrong World Industries, Inc. (AWI) is a leader in the design
and manufacture of innovative ceiling and wall system solutions in
the Americas. With $1.3 billion in revenue in 2023, AWI has
approximately 3,500 employees and a manufacturing network of 19
facilities, in addition to the seven facilities operated by its
WAVE joint venture. For over 160 years, Armstrong has delivered
products and services to our customers that can transform how
people design, build and experience spaces with aesthetics,
acoustics, wellbeing and sustainability in mind.
About Worthington Enterprises
Worthington Enterprises (NYSE: WOR) is a designer and
manufacturer of market-leading brands that help enable people to
live safer, healthier and more expressive lives. The Company
operates with two primary business segments—Building Products and
Consumer Products—with an emphasis on innovation, transformation
and leadership. The Building Products segment includes cooking,
heating, cooling and water solutions, architectural and acoustical
grid ceilings and metal framing and accessories. The Consumer
Products segment provides solutions for the tools, outdoor living
and celebrations categories. The Company also serves the growing
global hydrogen ecosystem via a joint venture focused on on-board
fueling systems and gas containment solutions. Headquartered in
Columbus, Ohio, Worthington Enterprises employs approximately 4,000
people throughout North America and Europe.
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version on businesswire.com: https://www.businesswire.com/news/home/20240801526149/en/
Theresa Womble, VP Investor Relations and Corporate
Communications Armstrong World Industries, Inc.
tlwomble@armstrongceilings.com or (717) 396-6354
Sonya L. Higginbotham, SVP, Chief of Corporate Affairs,
Communications & Sustainability Worthington Enterprises, Inc.
sonya.higginbotham@wthg.com or (614) 438-7391
Armstrong World Industries (NYSE:AWI)
과거 데이터 주식 차트
부터 7월(7) 2024 으로 8월(8) 2024
Armstrong World Industries (NYSE:AWI)
과거 데이터 주식 차트
부터 8월(8) 2023 으로 8월(8) 2024