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Slide #8. The Dixie Group, Inc. — Robertex Associates, Inc
The Dixie Group, Inc. (NASDAQ:DXYN)
Robertex Associates, Inc
The Dixie Group, Inc. (NASDAQ:DXYN) today announced that it has completed the acquisition of Robertex Associates, Inc. from Bob Rothman. Dixie has retained Mr. Rothman's services under a five-year contract. In commenting on the acquisition, Daniel K. Frierson, Dixie's Chairman and CEO, stated, "The acquisition allows Dixie to further extend its leadership position in servicing the wool markets with the addition of the Robertex and Carousel product lines. Further, we look forward to continued creative development of products and processes in our wool business with the addition of Bob Rothman as a member of the Dixie team."
Dixie Group markets, manufactures and sells finished carpet, rugs and vinyl flooring in the domestic floorcovering market. Co.'s brands include: Fabrica, which markets and manufactures residential carpet and custom rugs; Masland Residential, which markets and manufactures design-driven carpets and rugs for the residential marketplace; Dixie Home, which markets an array of residential tufted broadloom and rugs to selected retailers and home centers under the Dixie Home and private label brands; and Atlas Masland Contract, which markets to the architectural and specified design community and directly to commercial end users, as well as to consumers through floorcovering retailers.
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Buy (3.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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