Floor Trends interviewed AHF President Brian Carson to find out what the acquisition means for the future of AHF Products, the legacy of the Armstrong brand, and what’s next for flooring technologies.   

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.

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. 

Auctions for the North American assets and the entire company as a whole have been adjourned as the Company works to seek higher and better bids. 

Armstrong Flooring has received a number of proposals to acquire all or various parts of its business. 

The $24 million debtor-in-possession financing will provide the company with the necessary liquidity to continue operating in the ordinary course as it pursues a swift, value-maximizing sale process.

In a continuation of its ongoing sale process, the company said in a statement that it intends to continue sale of its business.