The Dixie Group, Inc, is paying $17.5 million to acquire the Los Angeles-based Atlas Carpet Mills, a high-end manufacturer and marketer of commercial floorcovering products.
Dixie completed the previously announced deal on Wednesday. The purchase includes the payment of existing debt, the assumption of outstanding purchase orders and a cash payment.
The purchase of Atlas, which generated sales of $53 million last year, is the biggest for the Chattanooga-based Dixie Group in more than a decade.
Dave Flessner is the business editor for the Times Free Press. A journalist for 35 years, Dave has been business editor and projects editor for the Chattanooga Times Free Press, city editor for The Chattanooga Times, business and county reporter for the Chattanooga Times, correspondent for the Lansing State Journal and Ingham County News in Michigan, staff writer for the Hastings Daily Tribune in Nebraska, and news director for WCBN-FM in Michigan. Dave, a native ...