AIP to acquire Armstrong Flooring's wood flooring business for $100 mln

American Industrial Partners has agreed to acquire Armstrong Flooring Inc's wood flooring business for $100 million. The deal is expected to close at the end of the fourth quarter of 2018. Goldman Sachs is serving as financial adviser to Armstrong Flooring on the transaction with Skadden, Arps, Slate, Meagher & Flom LLP serving as legal counsel.

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