Article Number: 9970
Mannington Mills to Sell VCT Flooring Business
SALEM, NJ, (May 8, 2017) – Mannington Mills, Inc., a leading manufacturer of fine flooring based in Salem, NJ, has signed an agreement to sell its vinyl composition tile (VCT) business to Armstrong Flooring, Inc., based in Lancaster, PA. The transaction is expected to close in the 2nd quarter of 2017.
Mannington is a fourth-generation family-owned flooring company with a strong U.S. manufacturing base. According to Russell Grizzle, President and CEO of Mannington Mills, this transaction is an adjustment to Mannington's product portfolio. “The decision to sell the VCT business is in line with our long-term growth strategy and opens up opportunities for us to invest in high-growth high-profit markets and categories,” said Grizzle.
VCT is designed for the heavy traffic experienced in schools, grocery stores and other commercial applications. Mannington entered the market in 1990, with manufacturing located in Salem, NJ. The site is also home to Mannington's headquarters as well as all commercial and residential sheet vinyl manufacturing operations, which will continue to operate as usual.
“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.”
About Mannington Mills
One of the world's leading manufacturers of residential and commercial fine flooring, Mannington Mills, Inc., is based in Salem, New Jersey (USA). The company manufactures residential and commercial sheet vinyl, luxury vinyl tile, resilient, laminate and hardwood floors; as well as commercial carpet and rubber under the Mannington Residential, Mannington Commercial, Amtico and Burke brands. Founded in 1915 by John Boston Campbell, the company is still privately held and owned by the Campbell family. As Mannington Mills celebrates its 101st year in business, it does so with a continued commitment to quality, customer satisfaction and innovative manufacturing with award-winning product design and smart marketing, state-of-the-art processes and industry-leading programs. www.mannington.com
Mannington is a fourth-generation family-owned flooring company with a strong U.S. manufacturing base. According to Russell Grizzle, President and CEO of Mannington Mills, this transaction is an adjustment to Mannington's product portfolio. “The decision to sell the VCT business is in line with our long-term growth strategy and opens up opportunities for us to invest in high-growth high-profit markets and categories,” said Grizzle.
VCT is designed for the heavy traffic experienced in schools, grocery stores and other commercial applications. Mannington entered the market in 1990, with manufacturing located in Salem, NJ. The site is also home to Mannington's headquarters as well as all commercial and residential sheet vinyl manufacturing operations, which will continue to operate as usual.
“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.”
About Mannington Mills
One of the world's leading manufacturers of residential and commercial fine flooring, Mannington Mills, Inc., is based in Salem, New Jersey (USA). The company manufactures residential and commercial sheet vinyl, luxury vinyl tile, resilient, laminate and hardwood floors; as well as commercial carpet and rubber under the Mannington Residential, Mannington Commercial, Amtico and Burke brands. Founded in 1915 by John Boston Campbell, the company is still privately held and owned by the Campbell family. As Mannington Mills celebrates its 101st year in business, it does so with a continued commitment to quality, customer satisfaction and innovative manufacturing with award-winning product design and smart marketing, state-of-the-art processes and industry-leading programs. www.mannington.com
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