Dixie Group Signs Letter of Intent for Joint Venture with Desso

The Dixie Group (NASDAQ: DXYN) announced that it has signed a non-binding letter of intent to enter into a joint venture with Desso,-Holding BV, a Netherlands based Company in conjunction with Masland Contract, a division of The Dixie Group. The intent is to build a comprehensive floorcovering offering for the Hospitality market in the United States and international distribution.

Having signed the letter of intent, the parties anticipate working quickly to develop a mutually acceptable Joint Venture structure designed to accomplish their goals. Using nearly 250 years of combined manufacturing excellence, both companies will be able to provide more value in the marketplace with complementary product lines to supply a complete offering to any brand-conscious Hospitality environment.