“The shutdown of the South Gate, California, plant is part of Armstrong’s effort to optimize the use of its tile-making facilities, the company said in a filing with the Securities and Exchange Commission. The site makes vinyl tile flooring.
“Armstrong said it will incur pre-tax charges of $6 million to $8 million for asset impairment and contract termination fees. It also anticipates spending less than $1 million on employee separation costs.”
The company, then named Armstrong Cork Co., established the plant in 1937.