Armstrong Flooring to Sell American Business to Gordon Brothers

Armstrong Flooring Inc. agreed to sell its US business to a consortium including Gordon Brothers Commercial & Industrial for $107 million, according to court documents.

• Deal ends a delayed auction of the company’s assets; company will announce buyers for the Chinese and Australian assets in the coming days, Armstrong said in a statement
• The company is scheduled to be in court Tuesday to seek approval for the sales
• The maker of vinyl sheets, planks and tiles filed bankruptcy in May after months of trying to find a buyer and haggling with lenders, according to court papers filed in US Bankruptcy ...