Armstrong Terminates Desso Sale
According to President and CEO, Gerard L. Glenn, discussions ended after the parties were unable to come to agreement on all the issues.
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. Armstrong Holdings, Inc. is the parent company of Desso.