Welcome to our dedicated page for Armstrong Flooring news (Ticker: AFIIQ), a resource for investors and traders seeking the latest updates and insights on Armstrong Flooring stock.
This page contains historical news coverage for Armstrong Flooring Inc (AFIIQ), a flooring products manufacturer that filed for Chapter 11 bankruptcy protection. The company previously operated as a major producer of resilient flooring products, including luxury vinyl tile, vinyl sheet, and linoleum for residential and commercial markets.
Armstrong Flooring's news archive documents the company's history as an independent publicly traded entity following its 2016 spinoff from Armstrong World Industries. The archived coverage includes announcements related to product developments, financial results, and ultimately the bankruptcy proceedings that concluded the company's independent operations.
The news timeline captures significant events in Armstrong Flooring's corporate history, from its establishment as a standalone flooring company through its Chapter 11 filing and subsequent asset sale. Investors and researchers can review this historical record to understand the factors that affected the company's trajectory.
For those researching flooring industry history or bankruptcy case studies, this archive provides context on how a major flooring manufacturer navigated market challenges. The coverage spans operational updates, industry trends affecting the resilient flooring market, and the bankruptcy auction process.
Note that Armstrong Flooring no longer operates as an independent company. The AFIIQ ticker represents the post-bankruptcy trading symbol for this defunct security. This news archive serves as a historical resource for understanding the company's business and the events leading to its bankruptcy.
Armstrong Flooring (OTC: AFIIQ) has concluded a court-supervised auction as part of its Chapter 11 restructuring. The winning bids include $59 million from Giant Group for its Hong Kong operations and $31 million from Cowes Bay for Australian assets, both deals subject to Bankruptcy Court approval. Previously, a consortium offered $107 million for North American assets. Proceeds from DIP financing will allow ongoing operations during the transaction finalization. The company remains committed to its legacy in innovative flooring solutions.
Armstrong Flooring (OTC: AFIIQ) announced a binding Asset Purchase Agreement with AHF, LLC and Gordon Brothers to acquire its North American assets for $107 million. This sale follows the Company's Chapter 11 auction process. While the North American sale is expected to close on July 22, 2022, the Company is also negotiating sales for its Chinese and Australian operations. The transactions, which are subject to Bankruptcy Court approval, indicate a strategic move to stabilize operations amidst restructuring efforts.
Armstrong Flooring, Inc. (OTC: AFIIQ) has signed a binding Asset Purchase Agreement with AHF, LLC and Gordon Brothers to sell its North American assets for $107 million. This marks a key step in the company's Chapter 11 auction process. While the auctions for its Chinese and Australian businesses continue, the North American sale is expected to be finalized by July 22, 2022, pending Bankruptcy Court approval. Armstrong Flooring aims to ensure smooth operations during this transition, although some closures are planned for the Jackson and Stillwater locations.
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