One becomes two for Armstrong: Flooring company makes its debut

Armstrong Flooring Inc., a spinoff of Lancaster County-based Armstrong World Industries, made its official debut today.

News of the planned split of the company’s flooring business was first announced in early 2015. 

Leaders of the Manor Township-based manufacturer have said the division will allow each company to sharpen its focus without having to compete against the other for corporate resources and attention. Industry officials expect the move will help Armstrong be more innovative and improve market share.

It’s a move that has arguably been in the works for about a decade following the company’s emergence from bankruptcy in 2006. The company sold off its sports and textile flooring subsidiaries in Europe in 2007, sold its cabinet business in 2012 and exited its European flooring business in late 2014.

Armstrong Flooring, which will trade on the New York Stock Exchange under the ticker symbol AFI, is expected to begin regular trading on Monday. That company has about 3,700 employees worldwide and 17 manufacturing facilities in three countries.

AFI’s corporate headquarters is located at the current AWI headquarters in Lancaster County.

Check back for updates.

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