The Dixie Group Announces Completion of the Acquisition of Atlas Carpet Mills

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- The Dixie Group, Inc. (NASDAQ:DXYN) today announced that the Company has completed the previously announced acquisition of Atlas Carpet Mills, a high-end manufacturer and marketer of commercial floorcovering products located in Los Angeles, California. The acquisition was completed today for an aggregate purchase price of approximately $17.5 million, which ...

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- The Dixie Group, Inc. (NASDAQ:DXYN) today announced that the Company has completed the previously announced acquisition of Atlas Carpet Mills, a high-end manufacturer and marketer of commercial floorcovering products located in Los Angeles, California.

The acquisition was completed today for an aggregate purchase price of approximately $17.5 million, which included assumption of certain outstanding purchase orders of Atlas, the payoff of existing debt, and a cash payment.

The Dixie Group (www.thedixiegroup.com) is a leading marketer and manufacturer of carpet and rugs to higher-end residential and commercial customers through the Fabrica International, Masland Carpets, Dixie Home, Masland Contract and Avant brands.

The Dixie Group, Inc.
Jon Faulkner, 706-876-5814
Chief Financial Officer
jon.faulkner@dixiegroup.com

Source: The Dixie Group, Inc.