The Dixie Group, Inc. Announces Termination of Sale and Leaseback Agreement
July 26, 2023 at 05:11 pm EDT
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The DixieGroup, Inc. announced termination of the previously announced agreement for the sale and leaseback of its distribution facility in Adairsville, Georgia. The termination of the agreement was the result of a proposed change in the terms of the purchase by the buyer that the Company deemed unacceptable. In accordance with its previously announced plan, the Company will continue to pursue a sale leaseback opportunity for one of its facilities with other investors.
The Dixie Group, Inc. is engaged in marketing, manufacturing and selling floorcovering products to high-end residential customers through its various sales forces and brands. The Companyâs business participates in markets for soft floorcoverings, which include broadloom carpet and rugs, and hard surfaces, which include luxury vinyl flooring (LVF) and engineered wood. The Companyâs brands include Fabrica, Masland Residential, and DH Floors. Its Fabrica markets and manufactures luxurious residential carpet, custom rugs, and engineered wood for the residential soft floorcovering industry. Fabrica consists of carpets and area rugs in both nylon and wool. Masland Residential markets and manufactures specialty carpets, rugs, and vinyl flooring. DH Floors markets an array of residential tufted broadloom carpet and rugs to selected retailers and home centers under the DH Floors and private label brands. The Company has also launched TRUCOR and TRUCOR Prime offering LVF products.
THE DIXIE GROUP, INC. 
