Lancaster-based wood flooring manufacturer AHF Products said Wednesday it has agreed to acquire a Texas-based hardwood flooring maker for an undisclosed price.
The purchase of LM Flooring is expected to be completed within 30 days.
AHF described LM Flooring as “a worldwide leader in engineered wood flooring” that’s “on the forefront of market trends: wide width, long length, sliced, sawn and textured constructions.”
LM Flooring serves customers in North America, Europe and Asia Pacific from a “state-of-the-art facility” in Sihanoukville, Cambodia, according to AHF. LM Flooring's headquarters is in Dallas.
AHF, which said LM’s strengths complement its own, said it will immediately begin an expansion of the Sihanoukville plant that will nearly double its capacity.
AHF President and CEO Brian Carson said a project cost has not been finalized.
According to LM’s website, the company was founded in 2001. It’s a subsidiary of Fine Furniture Ltd. Carson declined to disclose LM’s annual revenue, but added, “The growth potential is very large.”
AHF is the former Armstrong Flooring hardwood flooring business. It was purchased by American Industrial Partners at year-end for $100 million. AHF is moving from its offices in the Armstrong campus on Columbia Avenue to Mountville this fall, LNP reported earlier this month.