Armstrong ends talks to sell Desso
According to President and CEO Gerard L. Glenn, discussions ended after the parties were unable to come to agreement on all the issues. "We will continue to operate the Desso businesses, grow them profitably, and enhance shareholder value consistent with our strategic objectives," he said.
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.