Product Code Database
Shaw Industries Group, Inc. is one of the world's largest carpet manufacturers with more than $6 billion in annual revenue and approximately 22,000 employees worldwide.Prem C. Jain, Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing, Wiley, 2010, p. 140 [1]Tyya N. Turner, Vault Guide to the Top Manufacturing Employers, Vault, 2007, p. 388 [2] It is headquartered in Dalton, Georgia,Randall L. Patton, Shaw Industries: A History, Athens, Georgia: University of Georgia Press, 2003, p. 1 [3] Forbes and is a wholly owned subsidiary of Berkshire Hathaway.
In 1967, J.C. Shaw organized a holding company to acquire Philadelphia Carpet Company, founded in 1846. The holding company added Star Finishing to the fold one year later, marking the company's first move into carpet manufacturing. Star Finishing Company then expanded to become the "largest commission finisher of tufted carpet in the world." The holding company went public as Shaw Industries, Inc. in 1971 with approximately $43 million in sales and 900 employees. In 1985, Shaw made its first appearance on the list of America's largest corporations—the Fortune 500—with more than $500 million in sales and close to 5,000 employees. The Shaw Industries Group had four billion in sales as of 1999. The company also merged with Cabin Crafts and Sutton, and Queen Carpets. J. Hicks Lanier is a former director. Vanderbilt Board of Trustees biography Queen was founded by Harry Saul, a textile-industry leader whose son, Julian Saul, went on to serve as president of Shaw, retiring in June, 2006.
On January 4, 2001, under the guidance of CEO and President W. Norris Little Sr. and CEO Bob Shaw, Shaw Industries was sold to Berkshire Hathaway Inc., the holding company of Warren E. Buffett. Today, with the leadership of Tim Baucom, CEO, Shaw has $6 billion in annual sales and approximately 22,000 employees. In 2016, Shaw acquired competitor USFloors.
|
|
