Armstrong DLW AG
Armstrong DLW AG english
Ad hoc announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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ARMSTRONG DLW AG ANNOUNCES TERMINATION OF DISCUSSIONS
REGARDING THE SALE OF DESSO
BIETIGHEIM-BISSINGEN, Germany
JUNE 11, 2001
Armstrong OLW AG announced today that discussions have been terminated with
CVC Capital Partners B.V. concerning the possible sale of the textile and
sports flooring businesses in its Desso commercial carpet operations. On
February 19, 2001, Armstrong DLW AG Issued an announcement that discussions had
begun with CVC with a view towards a sale of Desso.
According to President and CEO, Gerard L. Glenn, discussions ended after the
parties were unable to come to agreement on all the issues. Mr. Glenn also
stated, “We will continue to operate the Desso businesses, grow them profitably,
and enhance shareholder value consistent with our strategic objectives”.
Desso, with approximately 1,300 employees worldwide, manufactures textile and
sports flooring in The Netherlands, Germany and Belgium. Based In Oss, The
Netherlands, Desso had annual sales of approximately 300 million Euros in 2000.
Gerard L. Glenn
end of ad hoc announcement (c) DGAP 11.06.2001
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WKN: 551800; Index:
Listed: Amtlicher Handel in Frankfurt, Berlin, Bremen, Düsseldorf, Hamburg,
Hannover, München, Stuttgart
112033 Jun 01
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