The Dixie Group, Inc. has executed a definitive agreement to sell certain of its assets that support its factory-built housing, needlebond and carpet recycling businesses to Shaw Industries Group, Inc.
Together these businesses generated sales of about $255 million during the last 12 months.
The sale is anticipated to be completed when the waiting period under the Hart-Scott-Rodino Act has expired, which could be as early as the end of this month. While specific terms of the agreement were not disclosed, Dixie said closing was subject to normal contractual contingencies.
The carpet recycling facility being sold is located in Lafayette, Ga.
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