Global flooring leader completes its separation from Armstrong
World Industries, Inc.
Armstrong Flooring, Inc. (NYSE:AFI), North America’s largest producer of
resilient and wood flooring products, today announced the completion of
its separation from Armstrong World Industries, Inc. (NYSE: AWI).
Armstrong Flooring is now an independent, publicly traded company whose
common stock will begin trading ‘regular way’ today on the New York
Stock Exchange (NYSE) under the symbol “AFI.”
Armstrong Flooring’s management team consists of highly qualified and
experienced executives who possess extensive industry knowledge and
strong operational acumen. They include:
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Donald R. Maier – President and Chief Executive Officer
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John “Jay” W. Thompson – Senior Vice President and Chief Financial
Officer
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David S. Schulz – Senior Vice President and Chief Operating Officer
-
Dominic C. Rice – Senior Vice President and North America Commercial
-
Joseph N. Bondi – Senior Vice President and North America Residential
“The completion of this separation marks an exciting new chapter in
Armstrong Flooring’s storied 150-year history,” said Maier. “We bring to
the market a distinguished legacy of success and differentiated
go-to-market strategy that positions us well to continue to deliver
high-quality, innovative flooring products. Looking ahead, we believe
that we have a long-term opportunity to enhance shareholder value by
successfully executing our strategy to reinvigorate profitable growth
across our resilient and wood flooring businesses.”
About Armstrong Flooring
Armstrong Flooring, Inc. (NYSE: AFI) is a global leader in the design
and manufacture of innovative flooring solutions that inspire spaces
where people live, work, learn, heal and play. Headquartered in
Lancaster, Pa., Armstrong Flooring is the #1 manufacturer of resilient
and wood flooring products across North America. The Company safely and
responsibly operates 18 manufacturing facilities in three countries and
employs approximately 3,500 individuals, all working together to provide
the highest levels of service, quality and innovation to ensure it
remains as strong and vital as its 150-year heritage. Learn more at www.armstrongflooring.com.
Uncertainties Affecting Forward-Looking Statements
Disclosures in this release and in our other public documents and
comments contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Those statements
provide our future expectations or forecasts and can be identified by
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“intend,” “plan,” “believe,” “outlook,” “target,” “predict,” “may,”
“will,” “would,” “could,” “should,” “seek,” and other words or phrases
of similar meaning in connection with any discussion of future operating
or financial performance. Forward-looking statements, by their nature,
address matters that are uncertain and involve risks because they relate
to events and depend on circumstances that may or may not occur in the
future. As a result, our actual results may differ materially from our
expected results and from those expressed in our forward looking
statements. A more detailed discussion of the risks and uncertainties
that could cause our actual results to differ materially from those
projected, anticipated or implied is included our reports filed with the
U.S. Securities and Exchange Commission. Forward-looking statements
speak only as of the date they are made. We undertake no obligation to
update any forward-looking statements beyond what is required under
applicable securities law.
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