BIETIGHEIM-BISSINGEN, Germany -- Armstrong DLW AG has terminated discussions that began in February with CVC Capital Partners B.V. concerning the possible sale of the textile and sports flooring businesses in its Desso commercial carpet operations.
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.