Nov 15, 2022
Armstrong Flooring Acquisition Complete
Gordon Brothers, the global advisory, restructuring, and investment firm, has completed the purchase of a substantial portion of Armstrong Flooring Inc.’s assets. It purchased a majority of the flooring products manufacturer’s existing inventory and partnered with Vion Investments to purchase the accounts receivable to affect the wind down of the business and operations that did not move forward. The firm also acquired Armstrong Flooring’s real estate in Stillwater, OK, and the machinery and equipment assets in the Stillwater and Jackson, MS, plants. Additionally, the purchase allows for continued operation of three Armstrong Flooring facilities in Pennsylvania and one in Illinois under the new ownership of AHF Products, a North American hard surface flooring manufacturer.
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