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Manufacturing M&A image Manufacturing M&A » By The Online Investor Staff, updated Fri., Mar. 29, 5:02 AM Recent mergers and acquisitions in the Manufacturing M&A category.

Slide #89. The Dixie Group, Inc. Robertex Associates, Inc

Acquirer: The Dixie Group, Inc. (NASDAQ:DXYN)
Acquiree: Robertex Associates, Inc
Details: The Dixie Group, Inc. (NASDAQ:DXYN) today announced that it has completed the acquisition of Robertex Associates, Inc. from Bob Rothman. Dixie has retained Mr. Rothman's services under a five-year contract. In commenting on the acquisition, Daniel K. Frierson, Dixie's Chairman and CEO, stated, "The acquisition allows Dixie to further extend its leadership position in servicing the wool markets with the addition of the Robertex and Carousel product lines. Further, we look forward to continued creative development of products and processes in our wool business with the addition of Bob Rothman as a member of the Dixie team."

Dixie Group markets, manufactures and sells finished carpet, rugs, vinyl flooring and engineered wood flooring in the domestic floorcovering market. Co.'s brands include: Fabrica, which markets and manufactures residential carpet, custom rugs, and engineered wood; Masland Residential, which markets and manufactures design-driven carpets and rugs for the residential marketplace, and provides vinyl flooring products to the marketplace it serves; and Dixie Home, which markets an array of residential tufted broadloom carpet and rugs to selected retailers and home centers under the Dixie Home and private label brands, and provides vinyl flooring products to the marketplace it serves.

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Company Name:  Dixie Group Inc.
Website:  www.thedixiegroup.com
Sector:  Textiles & Apparel
Number of ETFs Holding DXYN:  2
Total Market Value Held by ETFs:  $323708
Total Market Capitalization:  $8.00M
% of Market Cap. Held by ETFs:  4.05%
 

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March 29, 2024    5:02 AM Eastern
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