Armstrong World Industries (NYSE: AWI) has inked an agreement with Arktura today. The manufacturing company has bought Arktura, a leader in architectural specialty metal. Both the companies have disclosed that they have decided to make and introduce Arktura Ventures LLC. Both the companies will jointly manage the Arktura Ventures LLC.

Armstrong World Industries is looking forward to work with Arktura to bring new innovative solutions that change the way we live, work, and learn. Arktura Ventures would complete the strategic growth drives of AWI, including its digitalization, business development, and sustainability platforms.