About AHF InvestmentsAHF Products is a leading hard surface flooring manufacturer in the USA with a family of trusted brands serving the residential and commercial hardwood and vinyl flooring markets. About Vion InvestmentsVion Investments, www.vioninv.com, headquartered in Atlanta, is a global provider of receivable investment services to businesses managing consumer and commercial receivables. Sometimes its as simple as a different carton. About AHF ProductsAHF Products is a leading hardwood flooring manufacturer in the USA with a family of trusted brands serving the residential and commercial hardwood and vinyl flooring markets. Armstrong Flooring is one of the most popular, affordable floor-covering manufacturers. Armstrong has many different types of durable and resilient industrial and commercial-grade floor materials, like vinyl composition tile (VCT), vinyl wood plank (LVP), and luxury vinyl tiles (LVT), that fit most commercial applications. ", "Today AHF offers 14 brands, including Armstrong Flooring, which allow us to expand our customer base and grow these manufacturing facilities," added Carson. When typing in this field, a list of search results will appear and be automatically updated as you type. Boston, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Gordon Brothers, the global advisory, restructuring and investment firm, has completed the purchase of a substantial portion of Armstrong Flooring Inc.'s . The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four services areas: valuations, dispositions, financing and investment. from 8 AM - 9 PM ET. The decision to purchase certain assets of Armstrong Flooring keeps the venerable, century-old brand viable while simultaneously bolstering AHFs burgeoning portfolio. KANKAKEE New ownership of the Armstrong Flooring Inc. production facility in Kankakee wants to deliver a clear message to the region. The company said it continues to grow both organically and through acquisition, continuing a strategy of serving its customers through sought-after products, outstanding service and innovation. Patrick has a master in economics with a specialisation in marketing from the High University of Brussels (HUB). The firm acquired Armstrong Floorings real estate in Stillwater, Oklahoma. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Browse Luxury Ceramic Alternatives. Domestic 1-yearDomestic 2-yearForeign 1-yearForeign 2-yearCanada 1-year. Were going to use the plants to sell under more brands. But the key to all of that is to get it profitable, and we can do that.. Gordon Brothers. Some products have minimum order quantities, but we ship to any commercial or residential location in the United States. The retirees still meet there regularly, a testament to the enduring friendships forged among generations through work at the company. Boston, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Gordon Brothers, the global advisory, restructuring and investment firm, has completed the purchase of a substantial portion of Armstrong Flooring Inc.s assets. Success! Gordon Brothers Boston, MA 02199 Even if you cant find stock locally, our flooring See available pickup and shipping options. "Purchasing these assets is important and transformative to AHF and to the people that work in the plant locations and in those communities. Two distributors reached by FCNews declined comment or said it was premature to ascertain the full scope of the purchase as details were still being sorted out. program AHF Products finalizes Armstrong Flooring purchase, HF Products $107 million purchase of Armstrong Flooring, Armstrong Flooring likely faced liquidation and the loss of hundreds of jobs, Tips for selling to stressed-out homeowners, AHF unveils Hartco Dutton Pass and Woodland Traditionalist, Triforest brand Toucan Flooring takes flight, Low inventory fuels buyer interest in new homes, Ardex releases System Selector digital advisor, NWFA completes 68th home with Gary Sinise Foundation, Armstrong Flooring American Charm now available. Today we have 13 brands. This purchase also significantly increases our position in the commercial flooring segment, which is expected to grow.. An email has been sent to with a link to confirm list signup. The firm conducts more than $100 billion worth of dispositions and appraisals annually and provides both short- and long-term capital to clients undergoing transformation. Purchasing these assets is important and transformative to AHF and to the people that work in the plant locations and in those communities. The firm is headquartered in Boston, with over 30 offices across five continents. | All Rights Reserved AHF Products began as a 2018 spinoff of Armstrong Floorings wood flooring business. A HF Products' $107 million purchase of Armstrong Flooring was finalized on July 26, bringing to close a tenuous period of negotiations over the past few weeks. Headquartered in Mountville, Pennsylvania, with manufacturing operations across the United States and in Cambodia, AHF Products employs over 2,600 dedicated team members. Armstrong Flooring Inc. Armstrong Flooring Portfolio Builder/Pro Flooring Flooring solutions for the professional. The purchase allowed for continued operation of three Armstrong FIooring facilities in Pennsylvania and one in Illinois under the new ownership of AHF Products, a leading North American hard . Privacy Policy AHF Products is a leading hardwood flooring manufacturer in the USA with a family of trusted brands serving the residential and commercial hardwood and vinyl flooring markets. With this purchase, AHF expands its portfolio to 14 brands. Support local journalism. The purchase includes the purchase and operation of three U.S. manufacturing facilities, in Lancaster and Beech Creek, PA and in Kankakee, IL.Our investments in new brands, products and capabilities, both organically and through acquisitions, has fueled our growth. floor covering retailers and distributors seeking a North American producer of laminate flooring and SPC will soon have a viable option Washington, D.C.As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, more Americans are turning to new homes as existing Aliquippa, Pa.Ardex launched the Ardex System Selector, billed as an easy way to create a complete product system in no time. By browsing our website, you consent to our use of cookies and other tracking technologies. Whats most important to me is that we get the business healthy and profitable, and we get these plants profitable, he said. (Armstrong Flooring and Armstrong World Industries both used the Armstrong name on its products.) She started at Armstrong in2008 and came over in the carve out. AHF Products announced today 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, PA and in Kankakee, IL.Headquartered in Mountville, Pennsylvania, AHF Products is the largest hardwood flooring manufacturer in North America and has experienced rapid growth across a range of additional flooring categories, including vinyl plank, laminate, and commercial flooring products. ' Back To Press Releases AHF Products to Purchase Certain Assets of Armstrong Flooring, including Certain U.S. Manufacturing Facilities July 12, 2022 Acquisition is a key step in AHF Products' growth strategy & expands U.S. manufacturing footprint to 10 facilities stateside AHF Products announced today that it has received bankruptcy court approval to purchase certain assets of Armstrong Flooring, Inc., strengthening AHF Products leadership position in resilient flooring solutions and adding another gear to its expanding commercial market business. October 26, 2022 14:00 ET Our luxury vinyl tile creates stunning floors that are meticulously designed to look like hardwood or stone, and built to endure the busiest lifestyles. VION provides a single, comprehensive source of expertise in receivable purchasing, consulting, and valuation. For Brian Carson, the $107 million sale of Armstrong Flooring to AHF Products and Gordon Brothers Commercial & Industrial puts him in charge of an operation he knows from earlier in his career when Armstrong Flooring was part of Armstrong World Industries. | Gordon Brothers x 12 in. ArmstrongImperial Texture VCT 12 in. This purchase also significantly increases our position in the commercial flooring segment, which is expected to grow. Distances are estimates only and may vary. With decades of experience in award-winning wood flooring design, product development, manufacturing and service, we create quality flooring to last for generations through inspiring designs, product innovation and a deep commitment to outstanding customer service. A store associate will contact you within 48 hours. Luxury Vinyl Tile Flooring. Browse Luxury Vinyl Tile. Our global expertise and integrated service offering enables us to step into difficult situations requiring rapid decision making and a deep understanding of our clients business., Gordon Brothers helped complete our purchase of Armstrong Flooring and assisted with the transition period, working with our partners to wind down parts of the business that did not fit with our strategic business plans moving forward, said Brian Carson, CEO and President of AHF Products. MOUNTVILLE, Pa., July 27, 2022 /PRNewswire/ -- 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, PA and in Kankakee, IL. Morning Dove Amber Sagebrush Putty White Vague Fog Lapis Plush Black Popular Articles. Simply Wall St Simply Wall St Published Jan 4, 2022 04:09AM EST Some of the losses seen by insiders who purchased US$201k worth of Armstrong Flooring, Inc. (NYSE:AFI) shares over the past year. floor covering retailers and distributors seeking a North American producer of laminate flooring and SPC will soon have a viable option Washington, D.C.As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, more Americans are turning to new homes as existing Aliquippa, Pa.Ardex launched the Ardex System Selector, billed as an easy way to create a complete product system in no time. Its another brand that allows us to broaden our customer base and broadening our customer base is what allows us to bring more volumes to the plants to grow the plants.. Three domestic distribution facilities serve customers through a multi-channel strategy that includes dealers, home centers and distributors.The purchase is expected to be finalized in the third quarter of 2022 and is subject to customary closing conditions. MOUNTVILLE, Pa., July 27, 2022 /PRNewswire/ -- 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, PA and in Kankakee, IL. That is, and will continue to be, our strategy moving forward, said Brian Carson, President and CEO, AHF Products. Located in Mulhouse, southern Alsace, La Cit de l'Automobile is one of the best Grand Est attractions for kids and adults. It also continues a busy acquisition spree for AHF Products, which previously acquired LM Flooring in 2019, followed by Parterre Flooring and American OEM in 2021. Brian Carson, CEO and President, AHF Products said: "AHF is primed to benefit from a strong long-term outlook in both residential repair and remodel spend and new residential housing construction, and the benefits afforded by our strong domestic manufacturing capabilities. Local Pickup and Delivery Add any product to your cart. Vion Investments, www.vioninv.com, headquartered in Atlanta, is a global provider of receivable investment services to businesses managing consumer and commercial receivables. July 25, 2022 AHF Products announced today 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, PA and in Kankakee, IL. Cision Distribution 888-776-0942 With 11 plants and some of best trade names in the flooring industry, we are going to continue to grow from here.". Mountville, Pa.AHF Products 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, Pa. and in Kankakee, Ill.. Headquartered here, AHF Products is the largest hardwood flooring manufacturer in North America and has . Gordon Brothers, which joined AHF in the deal, will be responsible for selling off production facilities in Jackson, Miss., and Stillwater, Okla. An issue over the use of the Armstrong name briefly held up the deal as Armstrong World Industries objected to AHF Products being given rights in North America to use the Armstrong name and trademarks after the sale. Headquartered in Mountville, Pennsylvania, with manufacturing operations across the United States and in Cambodia, AHF Products employs over 2,600 dedicated team members.Armstrong is a trademark of Armstrong World Industries, Inc. All other marks are owned by AHF, LLC, its affiliates, or subsidiaries. Gordon Brothers lends against and invests in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually, to provide clients liquidity solutions beyond its market-leading disposition and appraisal services. read more. During his career he developed the (digital) marketing strategies of multinationals as 3M, Hasbro, Center Parcs, Euler Hermes, Coface,. The decision to purchase certain assets of Armstrong Flooring keeps the venerable, century-old brand viable while simultaneously bolstering AHF's burgeoning portfolio. These real hardwood floors Lancaster, Pa.Ecore International, the largest converter of reclaimed tire rubber in North America, has acquired 360 Tire Recycling Group, a leading tire recycling management Mountville, Pa.AHF Products has commented on the Uyghur Forced Labor Prevention Act (UFLPA); specifically with how it pertains to flooring. With this purchase, AHF now operates 11 manufacturing facilities, ten in the U.S. and one in Cambodia, and four domestic distribution facilities to serve customers through a multi-channel strategy that includes dealers, home centers, and distributors around the world.Brian Carson, CEO and President, AHF Products said: AHF is primed to benefit from a strong long-term outlook in both residential repair and remodel spend and new residential housing construction, and the benefits afforded by our strong domestic manufacturing capabilities. The Armstrong Flooring assets and brand license is the latest for AHF Products. Headquartered in Mountville, Pennsylvania, AHF Products is the largest hardwood flooring manufacturer in North America and has experienced rapid growth across a range of additional flooring categories, including vinyl plank, laminate, and commercial flooring products. With decades of experience in award-winning wood flooring design, product development, manufacturing, and service, the company creates quality flooring to last for generations through inspiring designs, product innovation and a deep commitment to outstanding customer service. Our commercial brands include Bruce Contract, Hartco Contract, AHF Contract and Parterre. Assets include three U.S. manufacturing facilitiesin Lancaster and Beech Creek, Pa., and Kankakee, Ill.as well as intellectual property, patents and inventory. However, Carson has said AHF Products wont be using Armstrong Floorings former Greenfield locations. Browse our new online flooring showroom and take a virtual tour through our interactive Armstrong Flooring catalog. , . We have seen incredible growth since our inception in 2019, and we are thrilled to be adding the venerable Armstrong Flooring brand to our powerful portfolio, he said. Save up to $100 on your qualifying purchase . Our residential flooring brands include Bruce, Hartco, Robbins, LM Flooring , Capella, HomerWood, Hearthwood, Raintree, Autograph, Emily Morrow Home and tmbr. We are available on weekdays, 7 AM5 PM. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/ahf-products-completes-purchase-of-certain-assets-of-armstrong-flooring-301593923.html, Registration on or use of this site constitutes acceptance of our. With decades of experience in award-winning wood flooring design, product development, manufacturing, and service, we create quality flooring to last for generations through inspiring designs, product innovation and a deep commitment to outstanding customer service. Their expertise, guidance, and acquisition and disposition of certain assets helped make this purchase possible.. Armstrong Flooring | Vinyl Flooring Popular Categories Vinyl Plank Vinyl Tile Sheet Vinyl (Cut-to-Length) Vinyl Flooring Samples Sheet Vinyl (Pre-Cut) VCT Tile Sort & Filter (1) Sort & Filter (1) Sort By Featured Best Sellers Highest Rated New Arrivals Departments VCT Tile (78) Vinyl Tile (25) Sheet Vinyl (Cut-to-Length) (12) 132 products in Armstrong Flooring | Flooring Popular Categories Tile Spacers Flooring Trowels Tile Cutters Floor Scrapers Contour Gauges Tile Cleaners Sort & Filter (1) Grid Sort & Filter (1) Sort By Featured Best Sellers Highest Rated New Arrivals Departments Vinyl Flooring (122) Grout & Mortar (23) Floor Moulding & Trim (5) See Less We stepped in during a pivotal moment and developed a holistic, strategic solution to facilitate the manufacturers transition to AHF Products saving jobs, said Rob Gould, Managing Director, Commercial & Industrial at Gordon Brothers. It might be a little clunky for awhile but its essential that we get this business to be profitable.. . Armstrong brings a 14th brand. Armstrong commercial floor products can be purchased from a local distributor. Armstrong is a trademark of Armstrong World Industries, Inc. All other marks are owned by AHF, LLC, its affiliates, or subsidiaries. This purchase also significantly increases our position in the commercial flooring segment, which is expected to grow. . Armstrong Flooring Inc. announced late Sunday afternoon that it has entered in to an agreement with a consortium of buyers consisting of AHF LLC and Gordon Brothers, in which the buyers will. Washed Linen Standard Excelon Commercial Vinyl Tile (1080 sq. AHF is primed to benefit from a strong long-term outlook in both residential repair and remodel spend and new residential housing construction and the benefits afforded by our strong domestic manufacturing capabilities, saidBrian Carson, CEO and president, AHF Products. Furthermore, it now operates 11 manufacturing facilities10 in the U.S. and one in Cambodiaand four domestic distribution facilities to serve customers through a multi-channel strategy that includes dealers, home centers and distributors around the world. Theres some equipment were going to be moving into Lancaster. From time-worn wood to modern marble, enjoy nature's diverse beauty throughout your home in the kitchen, bath, basement and beyond. Gordon Brothers leverages decades of experience buying, selling, operating and valuing assets in the industrial economy across Australia, Brazil, Canada, the U.K. and Europe, Japan and the U.S. About Gordon BrothersSince 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, management teams, advisors and investors move forward through change. Everyone here wanted the brand to continue because we were all part of it. This is the best outcome for everybody given where the [Armstrong] business found itself. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. We have seen incredible growth since our inception in 2019, and we are thrilled to be adding the venerable Armstrong Flooring brand to our powerful portfolio.Today AHF offers 14 brands, including Armstrong Flooring, which allow us to expand our customer base and grow these manufacturing facilities, added Carson. Click here to learn more about the role the Lancaster County Local Journalism Fund plays in Lancaster County and to make a tax-deductible donation. Ten U.S. facilities mean sustaining American manufacturing jobs and boosting local economies. With 11 plants and some of best trade names in the flooring industry, we are going to continue to grow from here.". BLAINE SHAHAN | Staff Photographer Understanding the two new. Mountville, PA 17544, An Error Occurred While Processing Your Request, Please Try Again. AHF CEO Brian Carson said proceeds from the sale-leaseback are earmarked for reinvestments to grow the business, including the Armstrong Flooring assets and wood flooring automation. We share common customers in many cases. Ready to purchase? Our residential flooring brands include Bruce, Hartco, Robbins, LM Flooring , Capella, HomerWood, Hearthwood, Raintree, Autograph, Emily Morrow Home and tmbr. All rights reserved. Headquartered in Mountville, Pennsylvania, with manufacturing operations across the United States and in Cambodia, AHF Products employs over 2,000 dedicated team members.
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