For a list of Armstrong Flooring Product lines that are still available to purchase, please look atour Armstrong Flooring Page. Stainmaster Luxury Vinyl Reviews: Is it Worth It? All Rights Reserved. In addition, Armstrong was cited for numerous other environmental violations, resulting in fines, penalties, and remediations that further weakened their financial position. Over 12 months, Armstrong Flooring made a loss at the EBIT level, and saw its revenue drop to US$595m, which is a fall of 4.5%. Many flooring retailers experienced a surplus of inventory in 2022 due to supply chain improvements. Continental Flooring has been servicing government agencies since 1979, and continues to be a top flooring and ceiling provider in the public sector. Armstrong Flooring Bankruptcy and Acquisition by AHF Products Plus, its worth mentioning that the cost to install laminate flooring is usually much less than the cost to install hardwood. Armstrong In 2018, the company reported a net loss of $7.5 million. In July of 2022, Armstrong Flooring was acquired by AHF Products. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. Discontinued Armstrong Flooring Products Complaints Armstrong Flooring, Inc Hardwood Floors View Business profile Customer Complaints Summary Business's Response Rate: 64% Why is this important? (Reuters) - Armstrong Flooring Inc filed for bankruptcy on Sunday in the hope of finding a buyer after months of negotiations with lenders over its future. | Active Government Contracts: GSA, CMAS, OMNIA Partners, 1GPA, Federal, State, County, and Municipalities. Well, Thats, As It Turns Out, Armstrong Faced a Class Action Lawsuit Over Its Laminate. In contrast, the best laminate floor brands usually surpass these standards. Is Armstrong Flooring Going Out of Business So, in terms of overall cost, sheet vinyl flooring is usually the more cost-effective option. WebIn July of 2022, Armstrong Flooring was acquired by AHF Products. Pennsylvania-based company has $317.8 million in debt, Inflation, supply chain issues kept profits down. While you cant buy Armstrong laminate flooring in the US, the company sells a few different types of PVC (aka vinyl) flooring. Exotics like ebony flooring are also a no-go. 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. Armstrong had been widely criticized for their use of asbestos in some of their products, leading to numerous lawsuits against the company. Laminate is also highly resistant to scratches, fading, and wear from normal foot traffic, so it is a great option for heavily used areas. Additionally, LVT is an ideal choice for those looking for an inexpensive yet attractive alternative to hardwood or stone flooring. AHF Products purchased certain assets of Armstrong Flooring, Inc., including the rights to license the Armstrong Flooring brand name. With this purchase, AHF expands its portfolio to 14 brands. 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.
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