 LANCASTER, Pa., Feb. 25, 2021 GLOBE NEWSWIRE -- Armstrong Flooring, Inc. NYSE: AFI Armstrong Flooring or the Company, a leader in the design and manufacture of innovative flooring solutions, today announced it has entered into a definitive agreement to sell its production facility, warehouse and real estate property located in South Gate, California to an affiliate of Overton Moore Properties, one of the leading industrial developers in California, for a purchase price of 76.7 million in cash. Armstrong Flooring will receive proceeds of approximately 65 million in cash, net of fees, expenses, and 10.5 million to be held in an environmental related escrow. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2021. 