Articles Tagged with ''mergers and acquisitions''

The company reported that sales grew in all segments, with top-line results benefiting from price increases, enhanced product mix, improvements in commercial and contributions from small acquisitions.

AHF Products announced that it has closed the purchase of certain assets of Armstrong Flooring, Inc., including the rights to license the Armstrong Flooring brand name as well as the purchase of three U.S. manufacturing facilities, in Lancaster and Beech Creek, Pennsylvania, and in Kankakee, Illinois. 

A bankruptcy judge cleared a final hurdle Friday morning for the sale of Armstrong Flooring’s North American assets to a group led by Mountville, Pennsylvania-based AHF Products, and by Friday evening the companies said the deal should close Monday.

By combining resources, Real Floors said it is positioned to best tackle growing demand, supply chain issues, and other challenges.

The company said the acquisition helps to establish a leading presence in the North American market. 

The purchase includes the purchase and operation of three U.S. manufacturing facilities, in Lancaster and Beech Creek, Pennsylvania, and in Kankakee, Illinois.

Giant Group will acquire the equity interests in the company’s Hong Kong holding company subsidiary, including all associated operations for $59 million, and Cowes Bay will acquire substantially all of the Company’s Australian assets for $31 million plus assumption of specified liabilities. 

AHF Products has reached an agreement to purchase certain Armstrong Flooring assets subject to court approval. 

Marking the brand’s second acquisition, following the November 2021 acquisition of Modern Stone Consulting, Nemo Tile + Stone seeks to broaden its retail footprint within the east coast markets. 

Vitromex was founded in 1967 and includes four manufacturing facilities strategically located throughout Mexico.