Armstrong Flooring Manufacturing Assets Sold to Investors

Boston, MA—Gordon Brothers, a restructuring and investment firm, acquired a substantial portion of Armstrong Flooring Inc.’s non-wood flooring assets, including existing inventory and, in partnership with Vion Investments, its receivables. AHF [Armstrong Hardwood Flooring] continues to operate as a separate business but was affected by the transaction in the disposition of the assets. Gordon Brothers’ […]

ANSI Wood Paneling Standard Developing at Architectural Woodwork Institute

The Architectural Woodwork Institute (AWI) is seeking participants for a proposed AWI/ANSI Standard for Wood Paneling. As one of the interior architectural woodworking industry’s leading regulatory bodies, AWI creates and sets national standards for superior quality assurance, working with architectural millwork manufacturers, architects, general contractors, suppliers, and other woodworking professionals. AWI works in conformance with […]

MasterBrand, Inc. Cabinet Business to Spin Off from Fortune Brands by End of 2022

The parent of MasterBrand Cabinets says it will spin off its cabinetry operations as a separate, publicly traded business, MasterBrand, Inc., by the end of 2022. MasterBrand is the largest U.S. kitchen cabinet maker, with $2.9 billion in revenue last year. Announced in April 2022 and originally expected to close in April 2023, the separation […]

Tailored Living Splits into Separate Franchises for Closets and Garages

Irvine, CA—Home Franchise Concepts rebranded its Tailored Living® featuring PremierGarage® into two home improvement brands and separate franchises—The Tailored Closet™ and PremierGarage®. The two offerings had been marketed as a single franchise. The intention behind the brand separation is to provide a focused approach to each brand’s product line and create a more powerful customer […]