Armstrong Flooring Files For Chapter 11 Bankruptcy

Armstrong Flooring, Inc., a designer and manufacturer of flooring solutions, has filed for voluntary protection under the U.S. Bankruptcy Code. In a continuation of its ongoing sale process, the company intends to continue pursuing an efficient and value-maximizing sale of its business through a competitive Chapter 11 sale process. Its businesses in China and Australia will not be included in the Chapter 11 filing, but they are part of the sale process. “Our business and team members have been working diligently to strengthen our financial foundation in the face of several macroeconomic trends – including supply chain challenges, the current inflationary environment, and continued headwinds from the COVID-19 pandemic,” says Michel Vermette, president and CEO. The company plans to transition into Chapter 11 with as little disruption to its ordinary-course operations as possible. It expects the court-related motions to be approved within the first few days of the case. Based in Pennsylvania, Armstrong Flooring was spun off as an independent entity from Armstrong World Industries in April 2016.