SALEM, NJ, (June 12, 2017) Mannington Mills, Inc., a leading manufacturer of fine flooring based in Salem, NJ, announced today that it has closed on the sale of its vinyl composition tile (VCT) business to Armstrong Flooring, Inc., based in Lancaster, PA. The transaction was announced on May 8, 2017.
Russell Grizzle, President and CEO of Mannington Mills said, Our long-term growth strategy is focused on investment in high-growth, high-profit markets and categories. 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."
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, resilient, laminate and hardwood floors; 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.