Salem, N.J.—Mannington Mills has closed on the sale of its vinyl composition tile (VCT) business to Armstrong Flooring. The transaction was announced on May 8.
“Our long-term growth strategy is focused on investment in high-growth, high-profit markets and categories,” said Russell Grizzle, president and CEO, Mannington Mills. “The sale of the VCT business allows us to aggressively pursue those opportunities.”
Mannington Mills is a fourth generation, family-owned company with a strong U.S. manufacturing base. “Our successful history is based on growth through innovation and investment with a commitment to our valued distributor partners and customers,” Grizzle noted. “We plan to continue that into the future.”