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In 2011, Armstrong's net sales were $2.86 billion, with operating income of $239.2 million. [17] Armstrong Cabinets was sold by Armstrong World Industries to American Industrial Partners on October 31, 2012. Armstrong spun off its flooring business into a new company, Armstrong Flooring (NYSE: AFI) on April 1, 2016.
Armstrong Cork Company eventually moved its headquarters to Lancaster, Pennsylvania. The company's product lines evolved from cork products and Linoleum, to vinyl floors, acoustical ceiling products, and glassware in each of which industries it was at one time a leading producer and brand.
Menard, Inc., doing business as Menards, (/ m ə ˈ n ɑːr d z / mə-NARDZ) is an American big-box home improvement retail chain headquartered in Eau Claire, Wisconsin.It is the third-largest home improvement retailer in the United States (behind Lowe's and Home Depot), with 351 stores in 15 U.S. states, primarily in the Midwest. [1]
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Armstrong Flooring is a Pennsylvania corporation incorporated in 2016. It was spun off as an independent entity from Armstrong World Industries in April 2016. The company manufactures flooring products in the US in Beech Creek, Pennsylvania; Jackson, Mississippi; Kankakee, Illinois; Lancaster, Pennsylvania; South Gate, California; and Stillwater, Oklahoma; and internationally in Shanghai ...
USG's bank lenders, bondholders and trade suppliers would be paid in full with interest. Stockholders would retain ownership of the company. To pay for the trust USG would use cash it had accumulated during the bankruptcy, new long-term debt, a tax rebate from the federal government, and an innovative rights offering.
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