Armstrong Flooring selects $107 million offer from Gordon Bros. 11

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By Vince Sullivan (July 11, 2022, 4:19 p.m. EDT) — Building materials maker Armstrong Flooring Inc. announced on Sunday the selection of a Gordon Brothers company as the winning bidder for its North American assets, canceling an auction from Chapter 11 in favor of the $107 million offer.

In a notice announcing the selection, Armstrong Flooring said it canceled the auction after a consortium consisting of AHF LLC and Gordon Brothers Commercial and Industrial LLC agreed to increase the consideration it would pay for the assets north- of the debtor at 107 million dollars.

A hearing on the sale is scheduled for Tuesday morning before U.S. Bankruptcy Judge Mary F. Walrath in Delaware.

Armstrong, a…

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