CHICAGO (News release) -- USG Corporation announced the completion of its previously announced acquisition of Ceilings Plus, a leading manufacturer of specialty ceilings products. USG paid $52 million in cash, on a cash-free and debt-free basis.
Ceilings Plus employs more than 150 people at two facilities in California and Georgia. Ceilings Plus is expected to generate 2017 sales in excess of $45 million. Founder and president Nancy Mercolino will lead the USG Ceilings Plus business and be based in Los Angeles.
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