Armstrong DLW AG

Press Release         Customers         Vendors/Suppliers          Employees

 

To our valued Armstrong DLW AG Employees:

On May 30, 2003, Armstrong World Industries, Inc. received approval of its Disclosure Statement in the Chapter 11 reorganization case from the U.S. Bankruptcy Court in Wilmington, Delaware.

Armstrong will soon begin printing and mailing to creditors the Disclosure Statement, the Plan of Reorganization and ballots for voting.  Following the solicitation of votes, the Court will hold a hearing to consider confirmation of Armstrong’s Plan.  It is anticipated that such hearing will be in mid-November, 2003.  If the Plan is confirmed, Armstrong expects that the Plan will be implemented shortly thereafter. 

The Plan is supported by the asbestos personal injury claimants’ committee, the representative for future asbestos personal injury claimants and the unsecured creditors’ committee.  Armstrong’s Disclosure Statement, Plan of Reorganization, Solicitation Procedures and related press releases are available at www.armstrongplan.com.

As you are aware, Armstrong entered Chapter 11 to use the court-supervised process to resolve its liability for asbestos personal injury claims with finality.  Armstrong believes the Plan serves fairly and in proper balance the interests of all stakeholders. 

Employees are Armstrong’s most valuable resource and your continued hard work and support during the Chapter 11 process is deeply appreciated.  Pay and benefits for DLW AG employees are unaffected under the Plan of Reorganization. 

A copy of the press release can be viewed by visiting the Pressroom section at left and clicking on Chapter 11 Communications. 

The Chapter 11 case began on December 6, 2000, when Armstrong World Industries, Inc. filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in order to settle claims arising from U.S. asbestos litigation.  Armstrong DLW AG and its subsidiaries were not affected by this filing, as each is a separate corporate entity.