Armstrong DLW AG
Ad hoc-Service: Armstrong DLW AG english
Ad-hoc announcement precessed and sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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ARMSTRONG ENTERS INTO TALKS WITH CVC CAPITAL PARTNERS ON SALE OF COMMERCIAL
CARPET UNIT
Bietigheim-Bissingen, Germany: Armstrong DLW AG said today that it had entered
into talks with CVC Capital Partners on the purchase of the businesses in its
Desso commercial carpet operations, which are expected to last several months.
Desso, with approximately 1,300 employees worldwide, manufactures commercial
carpet in The Netherlands, Germany and Belgium. Based in Oss, The Netherlands,
Desso had annual sales of approximately 300 million Euros in 1999.
“An acquisition by CVC would enable Desso to receive the investment it needs to
grow and better serve its customers and employees,” said Armstrong DLW AG
President and CEO Gerard L. Glenn. “Armstrong’s European flooring business is
focused on resilient products, and indeed we would use the proceeds from a sale
to grow this core business for us in Europe.”
CVC Capital Partners, based in London, is a leading European private equity firm
that has interests in more than 200 companies throughout the Continent with a
total value of $30 billion.
end of Ad hoc-announcement, (c) DGAP 19.02.2001
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WKN: 551800; Index:
Listed: Amtlicher Handel in Frankfurt, Berlin, Bremen, Düsseldorf, Hamburg,
Hannover, München, Stuttgart
191821 Feb 01
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