Dixie Group pays $17.5 million to buy Atlas Carpet

Dixie Group pays $17.5 million to buy Atlas Carpet

March 20th, 2014 by Dave Flessner in Local - Breaking News

Creeler Vickie Glover replaces an empty spool at the Dixie Group in North Georgia.

Photo by Angela Lewis/Times Free Press.

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.