American flooring company LL Flooring announced that it will be closing all its more than 400 stores, with sales starting Friday.

LL Flooring, once North America's largest specialty seller of hardwood floors, is closing its doors after 30 years in business.

LL Flooring signed an agreement to sell 219 of its stores to F9 Investments, while the company's new owner says it will rebrand back to Lumber Liquidators.

NEW YORK (AP) — After securing a last-minute buyer, LL Flooring is reversing course on shutting down all of its stores.

A flooring company claimed earlier that it would be shuttering more than 400 locations after it failed to find a buyer, but now a new owner has been found and the company will keep hundreds of remaining stores open.

The company said closing sales at all of its stores nationwide will begin Friday. The closure process, it estimated, will take 12 weeks, and 2,000 people will lose their jobs, per media reports. LL Flooring has 38 stores in California. Stores in Silicon Valley include:

The hardwood flooring retailer formerly known as Lumber Liquidators, which started in Massachusetts, signed an agreement with private equity firm F9 a sale of its business on Friday afternoon. Under terms of the deal,

After securing a last-minute buyer, LL Flooring is reversing course on shutting down all of its stores. The hardwood flooring retailer formerly known as Lumber Liquidators signed an agreement with private equity firm F9 Investments for a sale of its business on Friday afternoon.