10/12/2018 (Agence Europe) – The European Commission has conditionally approved, on Friday 7 December, Knauf's acquisition of Armstrong World Industries' ceilings business outside the Americas. The two companies, which are two of the main suppliers of modular suspended ceilings in Europe, notified the Commission of this operation in June 2018, before it was withdrawn and notified again in October. The institution was concerned that the operation would create significant distortions of competition in the mineral fibre tiles for modular suspended ceilings and grids for modular suspended ceilings in several EU countries. To address these concerns, Knauf proposed to divest Armstrong's plants for the production of mineral fibre tiles and grids in the United Kingdom and to transfer Armstrong's sales teams and customer base to several European countries. Satisfied with these commitments, the Commission gave the operation the green light. (LT)