Armstrong Flooring, Inc. and its affiliated debtors filed a motion in the US Bankruptcy Court for the sale of its certain assets on October 21, 2022. The debtor seeks the Court's approval for the sale of certain assets to Gordon Brothers Commercial & Industrial, LLC. The debtor's assets include machinery and equipment at the distribution center located at 7227 Telegraph Road, Montebello, CA 90640 and (b) take by assignment Armstrong Flooring, Inc.'s interest in that certain lease agreement dated October 16, 2020.

The buyer would be entitled an expense reimbursement of $0.03 million in case of termination of the asset purchase agreement. The sale hearing is scheduled for November 22, 2022. Sale closing shall occur no later than November 23, 2022.