Mannington Commercial announced that it has entered into an agreement to acquire select assets of AtlasMasland, the commercial floor covering business of The Dixie Group. The transaction is expected to close within the next 45 days.
At the transaction’s completion, Mannington Commercial will gain AtlasMasland’s existing product lines, tufting machinery and other equipment assets from The Dixie Group’s Atmore, Alabama, facility. The equipment will be relocated and installed at Mannington Commercial’s carpet manufacturing facility in Calhoun, Georgia. The Atmore facility is not included as part of the transaction and will remain with The Dixie Group. All operations for both companies, including ordering, shipping, invoicing, claims and customer service will remain the same until the purchase is complete.
“Today marks an important day for Mannington Commercial’s future and for our customers,” said Mannington Commercial President Tom Pendley. “We will be adding significantly more sales and carpet manufacturing capacity to meet the continue demand for our commercial product line. We are also gaining proven product lines that are well-established within certain commercial segments where we see expanded growth opportunities. Taken together, we will be accelerating our growth and better serving our customers with a more comprehensive set of floor covering solutions.”
During the transition phase, AtlasMasland will continue to manufacture products for Mannington Commercial until the equipment assets are fully operational at the company’s Calhoun facility.
“This newest acquisition is exciting for the entire Mannington organization. We look forward to utilizing the assets acquired to better service our customers and pursue further opportunities for growth and success,” said Russell Grizzle, president and CEO of Mannington Mills, Inc.
The AtlasMasland purchase follows Mannington Commercial’s acquisition of Amtico, a provider of luxury vinyl tile in 2012 and Burke Flooring, a leading manufacturer of rubber and vinyl floor coverings, in 2008.
For more information, visit manningtoncommercial.com.