The US Bankruptcy Court gave an order approving the sale of the certain assets of Armstrong Flooring, Inc. on July 13, 2022. The debtor has been authorized to sell its certain assets to Braeside Mills Investments Pty Ltd, Gippsland Lakes Victoria Holdings Pty Ltd and HS McKendrick Family Nominees Pty Ltd, for a consideration of $31 million in cash and assumed liabilities. The debtor's assets include all Owned Real Property in Australia ASA and all rights, claims or causes of action of Sellers against any party arising out of events.

The buyers are represented by Jessica Peet and Alan Beck of Vinson & Elkins L.L.P. and Bruce Cameron of Piper Alderman as their legal advisors. Debtor is represented by Steven J. Daniels and Ron E. Meisler of Skadden, Arps, Slate, Meagher & Flom LLP as its legal advisors.