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home / news releases / DXYN - The Dixie Group gains on signing agreement in principle for sale of commercial business

DXYN - The Dixie Group gains on signing agreement in principle for sale of commercial business

The Dixie Group Inc.
The Dixie Group (DXYN) +3.4% premarket, has inked an agreement in principle for the sale of its commercial business to Mannington Mills, Inc.Terms and conditions have yet to be finalized. Mannington would buy the AtlasMasland business, including certain tufting machines, other equipment and inventories.As transition will take several months to complete, Dixie will continue to manufacture goods for Mannington while they relocate tufting machines and other equipment to their facilities in Calhoun, Georgia. The company is investing in additional tufting and cabling equipment for the Atmore plant.

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The Dixie Group gains on signing agreement in principle for sale of commercial business
Stock Information
Company Name: The Dixie Group Inc.
Stock Symbol: DXYN
Market: NASDAQ
Website: thedixiegroup.com
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