The Dixie Group Announces Negotiations to Acquire Robertex
The Dixie Group, Inc. (NASDAQ:DXYN) recently 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.
The Dixie Group (www.thedixiegroup.com) is a 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.
Robertex, Inc., known for its “Carpet Artistry in Wool,” is a producer of fine wool floorcovering products under its Robertex and Carousel brands.