The Dixie Group, Inc. (NASDAQ:DXYN) today announced that the Company is engaged in due diligence designed to determine whether and to what extent a continuous dyeing facility located in Calhoun, Georgia, owned by Milliken & Company, could serve Dixie’s needs for continuous dyeing. The process of due diligence is nearing completion, and the Company expects to make a decision regarding a potential acquisition of the facility in the near future.
The Dixie Group (
) is a leading 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.
Milliken & Company is a leading global manufacturer of specialty chemicals, floor covering, and performance materials.
Statements in this news release, which relate to the future, are subject to risk factors and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements.
Such factors include the levels of demand for the products produced by the Company.
Other factors that could affect the Company's results include, but are not limited to, raw material and transportation costs related to petroleum prices, the cost and availability of capital, and general economic and competitive conditions related to the Company's business. Issues related to the availability and price of energy may adversely affect the Company's operations.
Additional information regarding these and other risk factors and uncertainties may be found in the Company's filings with the Securities and Exchange Commission.