AHF Products to acquire Allegheny Wood Products' two sawmills in Smoot and Norton, West Virginia, to augment lumber supply to AHF's Beverly solid wood floor manufacturing facility; deal to save 80 jobs at two mills, with combined 25 mmbf/year production

AHF Products, a leading manufacturer of hard surface flooring for residential and
commercial interiors, and the largest hardwood flooring manufacturer in the U.S., announced today that it has
entered into an agreement to acquire two West Virginia sawmills to augment the supply of lumber to AHF’s
Beverly, West Virginia solid wood flooring manufacturing facility.

Under the agreement, AHF will acquire assets related to Allegheny Wood Products’ (AWP) sawmills in Smoot,
Greenbrier County, and Norton, Randolph County.

According to AHF President & CEO Brian Carson, “the purchase of these two sawmills is a wonderful and smart
investment. It helps ensure lumber supply for our Beverly, West Virginia plant and it is essential to our customers
and employees who rely on our supply of hardwood flooring. It’s a great day for employees, customers and
suppliers.”

AHF will be saving approximately 80 direct jobs at the two mills, which were originally slated to close at the end
of March, and is expected to create approximately two times that, with new jobs being created for loggers,
truckers, and suppliers in the region.

The supply of Eastern hardwood lumber in the U.S. is currently 65% of what it was pre-pandemic and 40% of
what it was before 2007. The purchase of the two sawmills recovers 100% of the lumber supply AHF would
have lost due to the closure of AWP and secures a consistent lumber supply to protect AHF customers. These
two mills combined will supply 25 million board feet annually.

“These mills assure AHF direct access to a high-quality timber supply, which will provide more than 20% of the
required supply at full capacity of flooring production. AWP was 12% of total supply at peak, so we have more
than replaced the lost supply,” said Jake Loftis, Chief Operating Officer, AHF.

“We are excited to add this capability to AHF and operate the mills at a capacity that will positively impact people
and these two communities,” said Loftis. “It’s another key step to ensure AHF’s success now and into the future.
It is a winning situation all the way around.”

AHF Products manufactures solid hardwood flooring products at Beverly under many of the industry’s most
popular and respected brand names, including Bruce®, Hartco®, Robbins®, and Capella®.

About AHF Products

AHF Products is a leading hard surface flooring manufacturer in the USA with a family of trusted brands serving the residential and commercial hardwood, tile, and vinyl flooring markets.With decades of experience in award-winning flooring design, product development, manufacturing, and service, we create quality flooring to last for generations through inspiring designs, innovation, and a deep commitment to outstanding customer service. Our residential flooring brands include Bruce®, Armstrong Flooring™, Hartco®, Robbins®, LM Flooring ®, Capella®,
HomerWood®, Hearthwood®, Raintree®, Autograph®, Emily Morrow Home®, tmbr®, Crossville®, and Crossville Studios®. Our commercial brands include Bruce Contract™, Hartco Contract™, AHF Contract®, Armstrong Flooring™, Parterre®, Crossville® and Crossville Studios®. Headquartered in Mountville, Pennsylvania, with manufacturing operations across the United States and in Cambodia, AHF Products employs over 3,000 dedicated team members.