Aurelius, a private equity firm, completed the acquisition of the Armstrong ceiling tiles and grids businesses of Knauf, a German building material company. Financial terms were not disclosed. “This is an exciting company, which produces high-quality products that are well regarded and widely used across its 11 markets. Our status as a pan-European investor positions us well to offer the new standalone business the support it needs across the multiple countries in which it operates. Similarly, our extensive experience working with businesses in the manufacturing space, as demonstrated in our recent successful exit from Solidus Solutions, makes Aurelius a fantastic partner for the company’s next stage of development. We look forward to working with the management team to share this expertise and establish this company as an independent entity, ready to take advantage of the opportunities that exist within its marketplace,” Fritz Seemann, Aurelius Executive Board Member.