Dixie Group acquires Burtco Enterprises
CHATTANOOGA, TN — Carpet manufacturer, Dixie Group, has acquired Burtco Enterprises Inc of Dalton, GA, for $2.3 million, according to a press release.
Burtco is a provider of Tapistron computerized yarn placement, soft floorcovering and other related products serving the hospitality market.
"We think it will be a fruitful and profitable acquisition," Jon Faulkner, CFO of Dixie, said. Dixie hopes to fill a niche between woven and tufted products through the acquisition.
Most of Burtco’s employees will be retained after the transition, including the company’s chief executive, Elizabeth Moore.
For the original press release, please click here.