Lancaster, PA (2016-04-04) Armstrong Flooring, Inc. (NYSE: AFI), North America’s largest producer of resilient and wood flooring products, is now an independent, publicly traded company. The Oneida plant is part of the new company.
On Monday, Armstrong Flooring, Inc, completed its separation from Armstrong World Industries, Inc. (NYSE: AWI) and began trading trading on the New York Stock Exchange (NYSE) under the symbol “AFI.”
“The completion of this separation marks an exciting new chapter in Armstrong Flooring’s storied 150-year history,” said Donlard R. Maier, President and CEO of the new flooring company. “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,” he added. According to Maier, the division of the Armstrong World Industries, Inc. should position the company to provide a long-term opportunity to enhance shareholder value by successfully executing strategies to reinvigorate profitable growth across its resilient and wood flooring businesses.
Locally, the division of assets is expected to have no impact on production. The local plant, which once employed more than 500 people, currently has about 65 permanent and temporary workers.
Monday’s announcement affected 18 manufacturing facilities in three countries. Internationally, Armstrong Flooring, Inc. employs approximately 3,500 people.