Mannington Mills has signed an agreement to sell its vinyl composition tile (VCT) business to Armstrong Flooring. The transaction is expected to close in the second quarter of 2017.
According to Russell Grizzle, President and CEO of Mannington Mills, this transaction is an adjustment to Mannington’s product portfolio. “Mannington’s successful history is based on growing our business through a combination of innovation, customer focus, and investment in opportunities in mid- to upper-end flooring product categories,” noted Grizzle. “We remain committed to a strong U.S. manufacturing base, to our surrounding communities, and to our valued distributor partners and customers.”
Also, Mannington was recently in the spotlight for donating materials for the Garry Sinise Foundation R.I.S.E. program, which builds specially adapted smart homes for severely wounded veterans.
Mannington donated Andean Pecan hardwood flooring for the Duluth, Ga., home of U.S. Army Master Sergeant Cedric King (Ret.) and his family. King was severely wounded by an IED while deployed in Afghanistan during 2012. He lost both of his legs and sustained disfigurement to his right hand, and now uses prosthetics and a wheelchair.