Dixie Group Terminates Sale/Leaseback Deal, Seeks Other Buyers
Dalton, GA, July 27, 2023-The Dixie Group has terminated the previously announced agreement for the sale and leaseback of its distribution facility in Adairsville, Georgia. The termination of the agreement was the result of a proposed change in the terms of the purchase by the buyer that the company deemed unacceptable, according to a release.
In accordance with its previously announced plan, the Dixie Group will continue to pursue a sale leaseback opportunity for one of its facilities with other investors.
"We are currently working with multiple parties who have expressed interest in purchasing one of our facilities,” says Dixie Group CEO Dan Frierson.
Related Topics:The Dixie Group