Dixie Group executes agreement to sell certain assets to Shaw
The Dixie Group has executed a definitive agreement to sell to Shaw Industries Group Inc. certain assets that support its factory-built housing, needlebond and carpet recycling businesses.
“The sale of these assets will allow us to substantially reduce our debt and fund growth of our tufted residential business through our Dixie Home brands and products, and our high-end residential and commercial business through our Masland and Fabrica brands,” said Daniel K. Frierson, Dixie Group chairman and CEO.