LANCASTER, Pa. -- Armstrong Flooring Inc., a leader in the design and manufacture of innovative flooring solutions, has entered into a binding Asset Purchase Agreement with a consortium of buyers consisting of AHF, LLC and Gordon Brothers. The acquisition will include substantially all Armstrong Flooring Inc.’s North American assets for $107 million in cash and an assumption of specified assumed liabilities. The binding agreement was the culmination of the Company’s Chapter 11 auction process for its North American assets.

The U.S. Bankruptcy Court has approved to access financing.