Armstrong talks with CVC Capital Partners about sale of commercial carpet unit
BIETIGHEIM, Germany -- Armstrong DLW AG, a subsidiary of U.S.-based Armstrong Holdings Inc., has entered into talks with CVC Capital Partners on the possible sale of the
European components of its Textiles and Sports Flooring division, which operates under the brand name Desso. The talks are expected to last several months.
Desso, with approximately 1,300 employees, manufactures commercial carpet and artificial sports flooring in The Netherlands, Germany and Belgium. Based in Oss, The Netherlands, the division had annual sales of approximately $313 million in 1999.