The Dixie Group conducts due diligence regarding possible acquisition
The Dixie Group, Inc. (NASDAQ:DXYN) recently announced that the company is engaged in due diligence designed to determine whether and to what extent a continuous dyeing facility located in Calhoun, Georgia, owned by Milliken & Company, could serve Dixie’s needs for continuous dyeing. The process of due diligence is nearing completion, and the Company expects to make a decision regarding a potential acquisition of the facility in the near future.
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, and Masland Contract brands.
Milliken & Company is a leading global manufacturer of specialty chemicals, floor covering, and performance materials.