The Dixie Group Announces Completion Of The Acquisition Of Atlas Carpet Mills

The Dixie Group, Inc. (NASDAQ:DXYN) today announced that the Company has completed the previously announced acquisition of Atlas Carpet Mills, a high-end manufacturer and marketer of commercial floorcovering products located in Los Angeles, California.

The acquisition was completed today for an aggregate purchase price of approximately $17.5 million, which included assumption of certain outstanding purchase orders of Atlas, the payoff of existing debt, and a cash payment.

The Dixie Group ( www.thedixiegroup.com ) 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, Masland Contract and Avant brands.

Copyright Business Wire 2010

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