Woodworking Industry News

AHF Products to purchase Armstrong Flooring assets

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.

Woodworking Industry News

Viewrail to acquire Simmons Stairways

GOSHEN, Ind. - Viewrail, makers of stairs and railings, has agreed to acquire Simmons Stairways Inc. in California. Financial terms of the deal were not disclosed. Simmons Stairways, which has been in business for more than 30 years, specializes in custom curved hardwood stairs and handrails.

Woodworking Industry News

US LBM to acquire Foxworth-Galbraith Lumber Company

PLANO, Texas, US LBM, a distributor of specialty building materials has reached a definitive agreement to acquire Texas-based Foxworth-Galbraith Lumber Company, a prominent building products supplier to building professionals and homeowners in the Southwest. Upon completion of the acquisition, US LBM will operate 80 locations in Texas, 13 in Arizona, nine in New Mexico, five in Colorado and four in Oklahoma. Details of the acquisition were not released.