ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Worthington Armstrong Joint Venture Expands Solutions for Data Centers with Acquisition

Armstrong World Industries. Inc. (NYSE: AWI) and Worthington Enterprises (NYSE: WOR) announced today that their Worthington Armstrong joint venture (WAVE) has acquired all of the assets of Amherst, NY-based Data Center Resources, LLC (DCR) related to the design and manufacture of customizable, modular aisle containment solutions for data centers, under the Cool Shield brand.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801526149/en/

“We are excited to expand our design and manufacturing capabilities for the data center market with this acquisition,” said WAVE President and CEO Doug Cadle. “Cool Shield is a trusted and specified choice among some of the largest data center owners and operators in the United States.”

DCR solutions are designed to optimize power usage and increase cooling efficiency within data centers, resulting in lower operating costs and less strain on electrical grid infrastructure. These solutions will also help solve other challenges presented by the growth in data centers, including construction lead times and skilled labor availability.

Cadle concluded, “These innovative aisle containment products, combined with our DynaMax® structural grid and Armstrong ceiling solutions, enable us to design and manufacture integrated solutions that reduce energy usage and lower operating costs with easy-to-install modular products. With WAVE’s innovative construction systems and Armstrong’s go-to-market strength, we anticipate accelerating the growth of these scalable solutions and delivering a unique value proposition for data center architects, engineers, specifiers and managers.”

About WAVE

WAVE is the North America leader in the design and production of suspended ceiling system solutions sold under the Armstrong brand name. A joint venture between Armstrong World Industries and Worthington Enterprises, WAVE combines the culture and strengths of both parent companies. WAVE employs over 400 employees and operates 7 manufacturing facilities.

About Armstrong World Industries

Armstrong World Industries, Inc. (AWI) is a leader in the design and manufacture of innovative ceiling and wall system solutions in the Americas. With $1.3 billion in revenue in 2023, AWI has approximately 3,500 employees and a manufacturing network of 19 facilities, in addition to the seven facilities operated by its WAVE joint venture. For over 160 years, Armstrong has delivered products and services to our customers that can transform how people design, build and experience spaces with aesthetics, acoustics, wellbeing and sustainability in mind.

About Worthington Enterprises

Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives. The Company operates with two primary business segments—Building Products and Consumer Products—with an emphasis on innovation, transformation and leadership. The Building Products segment includes cooking, heating, cooling and water solutions, architectural and acoustical grid ceilings and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. The Company also serves the growing global hydrogen ecosystem via a joint venture focused on on-board fueling systems and gas containment solutions. Headquartered in Columbus, Ohio, Worthington Enterprises employs approximately 4,000 people throughout North America and Europe.

Contacts

Theresa Womble, VP Investor Relations and Corporate Communications

Armstrong World Industries, Inc.

tlwomble@armstrongceilings.com or (717) 396-6354

Sonya L. Higginbotham, SVP, Chief of Corporate Affairs, Communications & Sustainability

Worthington Enterprises, Inc.

sonya.higginbotham@wthg.com or (614) 438-7391

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.