A New Jersey flooring company plans to lay off about 80 employees following its sale of a vinyl composition tile product line to a Pennsylvania company.

Mannington Mills says it will close the vinyl composition tile production line at its Mannington Township factory in about a month. That means roughly 40 hourly workers and 40 salaried employees will lose their jobs. The line was sold to Armstrong Flooring in Lancaster, Pennsylvania.

The line was sold to Armstrong Flooring in Lancaster, Pennsylvania. NJ.com reports the layoffs account for four percent of Mannington Mills' workforce.

CEO Russell Grizzle says that it's a good business decision since the vinyl tile sales have declined in recent years, though it would be a better decision if no one had to lose their jobs. Grizzle says employees involved in the layoffs were notified Monday.