By Rick Archer (May 9, 2022, 7:14 p.m. EDT) – Following losses from inflation, supply chain issues and difficult credit conditions, Pennsylvania flooring supplier Armstrong Industries reached Chapter 11 in Delaware following an unsuccessful attempt to find a buyer, saying it will seek to sell some or all of its Chapter 11 assets.
(iStock.com/Ruslan Sidorov) Established in 2016 when it spun off its wood flooring business, Armstrong manufactures and sells tile and vinyl flooring to commercial flooring retailers and distributors and residential in North America and the Pacific Rim. It is listed on the New York Stock Exchange.
Reasons for filing Chapter 11…
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