Armstrong files for Chapter 11 over asbestos liability concerns

Armstrong Holdings Inc. said its major operating subsidiary, Armstrong World Industries Inc., has filed for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code in order to resolve its asbestos liability.

Armstrong Holdings, Triangle Pacific Corp., WAVE (Armstrong's ceiling grid systems joint venture with Worthington Industries), Armstrong Canada, Armstrong DLW AG and its other non-U.S. operating subsidiaries were not a part of the filing.