Armstrong Flooring Gets Bids For Acquisition

AHF, LLC and Gordon Brothers plans to acquire Armstrong Flooring, Inc., including substantially all of its North American assets and assumption of specified assumed liabilities. This agreement was the culmination of the company’s Chapter 11 auction process for its North American assets. Armstrong Flooring filed for Chapter 11 in May. Giant Group intends to acquire the equity interests in Armstrong’s Hong Kong holding company subsidiary including all associated operations. Cowes Bay will acquire substantially all of the company’s Australian assets plus assumptions of specified liabilities. All acquisitions are still subject to regulatory approvals and customary closing conditions.