20
Nov
19:59
Worthington sells ceiling business
US service centre chain Worthington Industries plans to divest its overseas ceiling suspension system joint venture Worthington Armstrong Venture (WAVE), Kallanish learns from a company statement.
WAVE will be bought for $45 million by Worthington’s joint venture partner Armstrong World Industries, a division of the German Knauf Group. Wave had holdings in Europe, the Middle East, Africa and Asia.
The deal is expected to close by mid-2018.
“The…
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Very good overview of the weekly steel market.
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