DESSO® and Masland Agreed to Discontinue Cooperation

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Nov 25, 2014, 08:00 ET

WAALWIJK, The Netherlands, November 25, 2014 /PRNewswire/ --

Desso, a leading global carpets and sports pitches company, and Masland Contract, a division of the Dixie Group, Inc. (NASDAQ: DXYN), a US floor coverings company, today announced that they have decided to discontinue their cooperation following the anticipated acquisition of Desso by Tarkett, a global leader in innovative and sustainable solutions for flooring and sports surfaces.

"In our partnership with Masland both companies have demonstrated a tremendous amount of commitment to make this a successful and enjoyable, cooperation", said Alexander Collot d'Escury, CEO of Desso. "We wish Masland all the best in their future business endeavors."

The termination of the contract between Masland Contract and Desso includes both the joint venture in hospitality as well as the distribution agreement for Desso carpet tiles by Masland Contract in the United States. Desso will remain active in the commercial tiles business as well as the hospitality industry in North America.

Running orders will continue to be serviced by the respective individual sales representatives in order to have the minimum amount of disturbance for our customers.

About Desso

Desso is a leading global carpets and sport pitches company, active in more than 100 countries. Desso products are supplied to corporate offices, education, healthcare, government, homes and also hotels, cruise liners and airlines. It also produces world leading sports surfaces such as the DESSO GrassMaster®, which has been installed at the home grounds of Champions League sides and at the football 'temple' Wembley. Today, most people spend on average 90% of their time indoors which has led to the company's vision: 'How to make the floor work for our health and wellbeing'. Our mission is to ensure that we develop unique products that deliver a much improved indoor environment that maximizes people's health and wellbeing and ultimately their performance. This is driven by our innovation program based on the three pillars of Creativity, Functionality and Cradle to Cradle® design. For more information please visit: http://www.desso.com

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SOURCE Desso