By TIM MacVEAN
The Inter-Mountain
BEVERLY, W.Va. — Armstrong Flooring officials announced Thursday the wood flooring division of the company has been sold to a private equity firm.
“Today, Armstrong Flooring announced a definitive agreement to sell its wood flooring business to an affiliate of American Industrial Partners (AIP), a private equity firm,” a Thursday press release from Armstrong Flooring officials stated. “AIP plans to operate the wood flooring business as a separate company and to continue to operate our six U.S. wood floor manufacturing plants with their current staff, including the plant in Beverly.”
“Armstrong Flooring, Inc., will become a resilient-focused flooring company, operating six U.S. resilient manufacturing plants, as well as plants in China and Australia,” the release continues.
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