Armstrong Flooring Files Voluntary Chapter 11 Petitions, Continues to Pursue Sale of Business

Armstrong Flooring announced that the company and certain of its subsidiaries have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. 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. The company’s businesses in China and Australia will not be included in the Chapter 11 filing, but they are part of the sale process.

In December 2021, Armstrong Flooring retained Houlihan Lokey Capital, Inc. to assist with a process for the sale of the company along with the consideration of other strategic alternatives. The sale process is continuing, and Armstrong Flooring hopes to consummate an orderly sale of the entire business or its core assets as soon as practicable.