Armstrong files for spin-off

MANOR TOWNSHIP, Pa. — Armstrong World Industries has filed with the Securities and Exchange Commission to separate its resilient flooring and wood flooring business into a its own company, Armstrong Flooring Inc. Writing to shareholders, chairman James J. O’Connor explained that, “As two distinct publicly-traded companies, AWI and AFI will be better positioned to focus resources on their respective businesses and strategic priorities.” The spin-off company already has a team of executives in place and is expected to formally separate early in the new year.