(New York) -- Armstrong World Industries says it has reached a deal to sell its cabinet products business to private equity firm American Industrial Partners for $27 million.
The deal is expected to close in the fourth quarter.
The cabinet business is based in Texas and has manufacturing operations in Thompsontown, Pennsylvania. It will operate under the trade name Armstrong Cabinet Products under a two-year license agreement.
Lancaster-based Armstrong World says the sale is in line with its plan to focus on its core floorings and ceilings businesses.
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