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Slide #94. The Dixie Group, Inc. — Robertex
The Dixie Group, Inc. (NASDAQ:DXYN)
The Dixie Group, Inc. (NASDAQ:DXYN) today announced that it is in negotiations to acquire Robertex Associates, Inc. from Bob Rothman. Dixie's intention is to purchase Robertex and retain Mr. Rothman's services under a five-year contract. The acquisition would allow Dixie to enhance its position in the wool markets with the addition of the Robertex and Carousel product lines. Dixie and Mr. Rothman hope to close by the end of the month.
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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