armstrong flooring purchase

Mountville, Pa.AHF Products introduced two new engineered hardwood collections under theHartcobrand:Dutton Pass and Woodland Traditionalist,available this spring and ready to ship. He was also plant manager at Kankakee. The cost of Armstrong industrial flooring solutions starts at $1 per square foot for commercial vinyl flooring. Like in any investment theres risk associated with it and theres risks associated here, but we think we can improve it and we thought it was a good investment. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/ahf-products-completes-purchase-of-certain-assets-of-armstrong-flooring-301593923.html, Registration on or use of this site constitutes acceptance of our. July 25, 2022 AHF Products announced today that it has closed the purchase of certain assets of Armstrong Flooring, Inc., including the rights to license the Armstrong Flooring brand name as well as the purchase of three U.S. manufacturing facilities, in Lancaster and Beech Creek, PA and in Kankakee, IL. The acquisition brings into AHFs fold signature products and innovations from Armstrong such as Diamond 10 technology, a patented process that uses cultured diamonds to provide scratch, stain and scuff resistance, and Medintech, a high-performance homogeneous sheet flooring product. Headquartered in Mountville, Pennsylvania, with manufacturing operations across the United States and in Cambodia, AHF Products employs over 2,600 dedicated team members. Prudential Tower These real hardwood floors Lancaster, Pa.Ecore International, the largest converter of reclaimed tire rubber in North America, has acquired 360 Tire Recycling Group, a leading tire recycling management Mountville, Pa.AHF Products has commented on the Uyghur Forced Labor Prevention Act (UFLPA); specifically with how it pertains to flooring. An email has been sent to with a link to confirm list signup. The message? With 11 plants and some of best trade names in the flooring industry, we are going to continue to grow from here.AHF Products previously acquired LM Flooring in 2019, followed by Parterre Flooring and American OEM in 2021. AHF Products finalizes $107M sale of Armstrong Flooring assets Today, AHF has 13 brands, employs more than 2,300 people and reported revenues of more than $400 million. Carson told FCNews the company would be hiring people for the Kankakee and Lancaster plants as well in sales and headquarters positions that are necessary to enhance its current operations. With 11 plants and some of best trade names in the flooring industry, we are going to continue to grow from here.". For Brian Carson, the $107 million sale of Armstrong Flooring to AHF Products and Gordon Brothers Commercial & Industrial puts him in charge of an operation he knows from earlier in his career when Armstrong Flooring was part of Armstrong World Industries. | Source: You can also contact us here at Floor City if you need any additional information or assistance. Lancaster, PA, July 22, 2022-"A court fight over the use of the Armstrong name threatens to derail the $203 million sale of bankrupt Armstrong Flooring, throwing the future of hundreds of. Gordon Brothers also acquired the machinery and equipment assets in the Stillwater and Jackson, Mississippi plants for resale through a live auction and series of online sales. Headquartered in Mountville, Pennsylvania, AHF Products is the largest hardwood flooring manufacturer in North America and has experienced rapid growth across a range of additional flooring categories, including vinyl plank, laminate, and commercial flooring products. 800 Boylston Street , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Theres some equipment were going to be moving into Lancaster. Were interviewing folks right now, because we will have needs, but candidly well have more needs in the plants than we will in the offices., We wont use those facilities for our businesses. However, a Delaware bankruptcy court judge dismissed Armstrong World Industries arguments, saying the company hadnt formally objected in time to the sale of Armstrong Flooring, which included the rights to the storied name. AHF Products residential flooring brands include Bruce, Hartco, Robbins, LM Flooring , Capella, HomerWood, Hearthwood, Raintree, Autograph, Emily Morrow Home and tmbr. Gordon Brothers lends against and invests in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually, to provide clients liquidity solutions beyond its market-leading disposition and appraisal services. Send an email to our team using the form below. Buy Now This aerial view shows Armstrong Flooring's Lancaster city plant at 1067 Dillerville Road on Friday, July 8, 2022. However, a good portion of their flooring must be specially ordered. Its a business we thought we could bring value to. Colors range from vivid hues to quiet neutrals. Our residential flooring brands include Bruce, Hartco, Robbins, LM Flooring , Capella, HomerWood, Hearthwood, Raintree, Autograph, Emily Morrow Home and tmbr. 132 products in Armstrong Flooring | Flooring Popular Categories Tile Spacers Flooring Trowels Tile Cutters Floor Scrapers Contour Gauges Tile Cleaners Sort & Filter (1) Grid Sort & Filter (1) Sort By Featured Best Sellers Highest Rated New Arrivals Departments Vinyl Flooring (122) Grout & Mortar (23) Floor Moulding & Trim (5) See Less We will continue to be a leader and a one-stop-shop for our customers, said Carson.AHF Products continues to invest in U.S. manufacturing and this purchase expands AHF Products domestic footprint, enhancing the companys customer base, production efficiencies and logistical capabilities. This purchase also significantly increases our position in the commercial flooring segment, which is expected to grow.. Headquarters Even if you cant find stock locally, our flooring See available pickup and shipping options. Headquartered in Mountville, Pennsylvania, with manufacturing operations across the United States and in Cambodia, AHF Products employs over 2,600 dedicated team members.Armstrong is a trademark of Armstrong World Industries, Inc. All other marks are owned by AHF, LLC, its affiliates, or subsidiaries. Store Directory - Armstrong Flooring Privacy Policy Save up to $100 on your qualifying purchase . Find many great new & used options and get the best deals for Pokemon Action Replay DS Ultimate Cheats - Nintendo DS at the best online prices at eBay! Its the profitability that enables the growth. Our global expertise and integrated service offering enables us to step into difficult situations requiring rapid decision making and a deep understanding of our clients business., Gordon Brothers helped complete our purchase of Armstrong Flooring and assisted with the transition period, working with our partners to wind down parts of the business that did not fit with our strategic business plans moving forward, said Brian Carson, CEO and President of AHF Products. Gordon Brothers Find My Store. Ceilings from Armstrong World Industries | Flooring from Armstrong Flooring Browse Luxury Vinyl Tile. ArmstrongImperial Texture VCT 12 in. Wide x 0.98 ft. Long Ultra Low Gloss You dont know what opportunities will be presented to you, she told FCNews. Success! Armstrong Flooring Outlet Change Language / Location. The decision to purchase certain assets of Armstrong Flooring keeps the venerable, century-old brand viable while simultaneously bolstering AHF's burgeoning portfolio. Armstrong is a trademark of Armstrong World Industries, Inc. All other marks are owned by AHF, LLC, its affiliates, or subsidiaries. Their expertise, guidance, and acquisition and disposition of certain assets helped make this purchase possible.. Gordon Brothers purchased a majority of the flooring products manufacturers existing inventory and partnered with Vion Investments to purchase the accounts receivable to effect the wind down of the business and operations that did not move forward. AHF Products closes on deal to purchase Armstrong Flooring - PennLive We have heavy lifting to do to stand this up. Box 566 Two distributors reached by FCNews declined comment or said it was premature to ascertain the full scope of the purchase as details were still being sorted out. The Armstrong Flooring assets and brand license is the latest for AHF Products as it continues to grow both organically and through acquisition, continuing a strategy of serving its customers through sought-after products, outstanding service, and innovation. Compare. x 12 in. Error! United States, English United States, Espaol Canada, Franais Canada, English Australia, English COMPANY. floor covering retailers and distributors seeking a North American producer of laminate flooring and SPC will soon have a viable option Washington, D.C.As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, more Americans are turning to new homes as existing Aliquippa, Pa.Ardex launched the Ardex System Selector, billed as an easy way to create a complete product system in no time. Our commercial brands include Bruce Contract, Hartco Contract, AHF Contract and Parterre. x 1/8 in. There was an error processing your request. The Armstrong Flooring assets and brand license is the latest for AHF Products as it continues to grow both organically and through acquisition, continuing a strategy of serving customers through sought-after products, service and innovation, according to Carson. Armstrong Standard Excelon Imperial Texture - Floor City Theres a sheet vinyl line in Lancaster that runs today, and we plan on continuing to run it. Headquartered in Mountville, Pennsylvania, AHF Products is the largest hardwood flooring manufacturer in North America and has experienced rapid growth across a range of additional flooring categories, including vinyl plank, laminate, and commercial flooring products. Boston, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Gordon Brothers, the global advisory, restructuring and investment firm, has completed the purchase of a substantial portion of Armstrong Flooring. We do have need, we just dont have as many needs, he noted. Armstrong Flooring Inc. announced late Sunday afternoon that it has entered in to an agreement with a consortium of buyers consisting of AHF LLC and Gordon Brothers, in which the buyers will. A store associate will contact you within 48 hours. The firm acquired Armstrong Floorings real estate in Stillwater, Oklahoma. We have had residential products in place for years, so no real impact there. Armstrong commercial floors consist of VCTs, sheet vinyl roll, vinyl plank wood flooring, commercial hardwood, commercial laminate snap-in floors, and linoleum, all recommended options for any commercial or retail space. It also continues a busy acquisition spree for AHF Products, which previously acquired LM Flooring in 2019, followed by Parterre Flooring and American OEM in 2021. Armstrong Flooring and the Armstrong Flooring logo are under license from AWI Licensing, LLC. We have seen incredible growth since our inception in 2019, and we are thrilled to be adding the venerable Armstrong Flooring brand to our powerful portfolio.Today AHF offers 14 brands, including Armstrong Flooring, which allow us to expand our customer base and grow these manufacturing facilities, added Carson. "Purchasing these assets is important and transformative to AHF and to the people that work in the plant locations and in those communities. Headquartered in Mountville, Pennsylvania, with manufacturing operations across the United States and in Cambodia, AHF Products employs over 2,600 dedicated team members. In 2016 Armstrong World Industries spun off Armstrong Flooring as its own company and then in 2018 Armstrong Flooring sold its wood flooring business, AHF Products, to private equity firm American Industrial Partners for $100 million. Rather than have a plant as a brand, a plant can be many brands, which allows you to really grow and have more pipelines into the marketplace in order to grow the plants. Everyone here wanted the brand to continue because we were all part of it. Our customers are distributors, retailers and foreign contractors. While acknowledging that Armstrong had challenges, Carson said the goal here is to carve the business out, stand them up, get them profitable and grow them. The work also entails switching over Armstrong computer systems to AHFs and aligning product names with item numbers to seamlessly transition ordering and shipping to AHF systems. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. We provided an opportunity to ensure this legacy brand is in the right hands for growth going forward., While every engagement requires an individualized, custom approach, Armstrong Flooring required a creative, multi-asset solution that included a combination of our offerings to assist the business through a transition period, said Robert Himmel, Senior Managing Director, Head of North America Commercial & Industrial at Gordon Brothers. View original content:https://www.prnewswire.com/news-releases/ahf-products-completes-purchase-of-certain-assets-of-armstrong-flooring-301593923.html, Plus500. Shape Square tile Its our responsibility to make this work, Carson explained. Gordon Brothers, which joined AHF in the deal, will be responsible for selling off production facilities in Jackson, Miss., and Stillwater, Okla. An issue over the use of the Armstrong name briefly held up the deal as Armstrong World Industries objected to AHF Products being given rights in North America to use the Armstrong name and trademarks after the sale. We share common customers in many cases. Armstrong Flooring - Wikipedia https://assets.gordonbrothers.com/assets-for-sale/assets/a/armstrong-assets. MOUNTVILLE, Pa., July 27, 2022 /PRNewswire/ -- AHF Products announced that it has closed the purchase of certain assets of Armstrong Flooring, Inc., including the rights to license the Armstrong Flooring brand name as well as the purchase of three U.S. manufacturing facilities, in Lancaster and Beech Creek, PA and in Kankakee, IL. Our team is working 24/7, including weekends, Carson said. With this purchase, AHF expands its portfolio to 14 brands. Distances are estimates only and may vary. Among the best features of Armstrong floors is their adherence to low emission standards. Residential Flooring Flooring solutions for the home. | Enter your project zip code. Product Details Clean your floors quickly with this Once 'N Done Floor Cleaner. Armstrong VCT sheets and other products are known for their quick and easy installation and resilience to high-traffic and high-moisture areas. Armstrong also offers easy-to-clean vinyl tile floors, commercial laminate flooring, and linoleum sheet and tiles. Three domestic distribution facilities serve customers through a multi-channel strategy that includes dealers, home centers and distributors.The purchase is expected to be finalized in the third quarter of 2022 and is subject to customary closing conditions. Some of it can be very complicated and require large investments, but other parts could be a different box or a different label. The companys commercial brands include Bruce Contract, Hartco Contract, AHF Contract and Parterre. Gordon Brothers leverages decades of experience buying, selling, operating and valuing assets in the industrial economy across Australia, Brazil, Canada, the U.K. and Europe, Japan and the U.S. Located in Mulhouse, southern Alsace, La Cit de l'Automobile is one of the best Grand Est attractions for kids and adults. Gordon Brothers also acquired the machinery and equipment assets in the Stillwater and Jackson, Mississippi plants for resale through a live auction and series of online sales. Free shipping for many products! An additional shipping charge will apply if a convenient pickup location is unavailable in your area. As of May, Armstrong Flooring had 606 employees in Lancaster County, which included about 390 who were assigned to the companys Greenfield headquarters and R&D center. By browsing our website, you consent to our use of cookies and other tracking technologies. But what you have to have is the customer that buys those other brands. We stepped in during a pivotal moment and developed a holistic, strategic solution to facilitate the manufacturers transition to AHF Products saving jobs, said Rob Gould, Managing Director, Commercial & Industrial at Gordon Brothers. She started at Armstrong in2008 and came over in the carve out. AHF Products previously acquired LM Flooring in 2019, followed by Parterre Flooring and American OEM in 2021. AHF Products Completes Purchase of Certain Assets of Armstrong Flooring read more. Armstrong - Vinyl Flooring - Flooring - The Home Depot Without AHF Products 11th hour intervention, Armstrong Flooring likely faced liquidation and the loss of hundreds of jobs as bankruptcy court records indicated that no other bidder was interested in keeping the company operating as a going concern. Please Note: Not all retailers carry all products, Check with your retailer for availability. Gordon Brothers To buy commercial vinyl floor tiles, use Floor Citys simple online checkout or call customer service and sales and place an order by phone. Some products have minimum order quantities, but we ship to any commercial or residential location in the United States. Armstrong Flooring is best for residential and commercial applications, offering high-quality commercial-grade vinyl sheet and luxury vinyl flooring collections with various tile, stone, and slate looks. October 26, 2022 14:00 ET AHF Products $107 million purchase of Armstrong Flooring was finalized on July 26, bringing to close a tenuous period of negotiations over the past few weeks. With 11 plants and some of best trade names in the flooring industry, we are going to continue to grow from here.". With this purchase, AHF now operates 11 manufacturing facilities, ten in the U.S. and one in Cambodia, and four domestic distribution facilities to serve customers through a multi-channel strategy that includes dealers, home centers, and distributors around the world.Brian Carson, CEO and President, AHF Products said: AHF is primed to benefit from a strong long-term outlook in both residential repair and remodel spend and new residential housing construction, and the benefits afforded by our strong domestic manufacturing capabilities. Some former Armstrong Flooring employees have already began working for AHF Products. Were also going to leverage the Armstrong brand to put other products under that brand to use that brand to increase the distribution of the other plants., Sometimes a brand is a different film image on the same product. NEW! Get up to 5 Free Armstrong VCT Samples Size 12 in. It might be a little clunky for awhile but its essential that we get this business to be profitable.. Acquisition expands AHF footprint and sets the company & its customers up for profitability and growth. We are available on weekdays, 7 AM5 PM. AHF Products is a leading hard surface flooring manufacturer in the USA with a family of trusted brands serving the residential and commercial hardwood and vinyl flooring markets. Our residential flooring brands include Bruce, Hartco, Robbins, LM Flooring , Capella, HomerWood, Hearthwood, Raintree, Autograph, Emily Morrow Home and tmbr. ArmstrongImperial Texture VCT 12 in. We have customer service, human resources, all those different types of functions, so in many cases some of those support functions are duplicative. Local Pickup and Delivery Add any product to your cart. Headquartered in Mountville, Pa., AHF Products is a leader in hardwood, vinyl plank, laminate and commercial products. "Purchasing these assets is important and transformative to AHF and to the people that work in the plant locations and in those communities. It was spun off as an independent entity from Armstrong World Industries in April 2016. As a blockchain enthusiast and early crypto adopter, he now helps web3 companies to develop communities and find the best ways to market their . Gordon Brothers. We provided an opportunity to ensure this legacy brand is in the right hands for growth going forward., While every engagement requires an individualized, custom approach, Armstrong Flooring required a creative, multi-asset solution that included a combination of our offerings to assist the business through a transition period, said Robert Himmel, Senior Managing Director, Head of North America Commercial & Industrial at Gordon Brothers. Patrick has a master in economics with a specialisation in marketing from the High University of Brussels (HUB). However, Carson has said AHF Products wont be using Armstrong Floorings former Greenfield locations. Cision Distribution 888-776-0942 Ask us about discounts on full pallet shipments. AHF Products announced today that it has closed the purchase of certain assets of Armstrong Flooring, Inc., including the rights to license the Armstrong Flooring brand name as well as the purchase of three U.S. manufacturing facilities, in Lancaster and Beech Creek, PA and in Kankakee, IL.Headquartered in Mountville, Pennsylvania, AHF Products is the largest hardwood flooring manufacturer in North America and has experienced rapid growth across a range of additional flooring categories, including vinyl plank, laminate, and commercial flooring products. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to provide maximum liquidity, put assets to their highest and best use and mitigate liabilities. Weekly Lancaster County restaurant inspections from the PA Department of Agriculture. The purchase allowed for continued operation of three Armstrong FIooring facilities in Pennsylvania and one in Illinois under the new ownership of AHF Products, a leading North American hard surface flooring manufacturer, saving nearly 600 jobs. This purchase also significantly increases our position in the commercial flooring segment, which is expected to grow. Enter your project zip code. Were going to be adding equipment to the plant yet this year that will allow the sheet vinyl line to be used to make different products. How to Choose the Best Engineered Tile Floor . AHF Products is a leading hardwood flooring manufacturer in the USA with a family of trusted brands serving the residential and commercial hardwood and vinyl flooring markets. These products are important to our customers. Vion Investments, www.vioninv.com, headquartered in Atlanta, is a global provider of receivable investment services to businesses managing consumer and commercial receivables. In her 40s, at the height of her profession, Amy Sumpman finds herself in a job search forced by the bankruptcy of the only employer shes kno. Sometimes its as simple as a different carton. We have seen incredible growth since our inception in 2019, and we are thrilled to be adding the venerable Armstrong Flooring brand to our powerful portfolio., AHF now offers 14 brands, including Armstrong Flooring, which now allows the company to expand its customer base and grow manufacturing facilities.
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