Shaw Industries

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Shaw Industries, Inc.
Public
Industry Textile
Founded 1946
Headquarters Dalton, Georgia, USA
Products Carpet, Hardwood, Laminate, Tile, and Resilient Flooring
Revenue $5 billion
Slogan Awesome happens on Shaw Floors
Website Shawfloors.com

Shaw Industries Group, Inc., a subsidiary of Berkshire Hathaway, Inc., is the world's largest carpet manufacturer with more than $4 billion in annual sales and approximately 22,300 associates worldwide.[1][2] It is headquartered in Dalton, Georgia.[3][4][5]

Shaw Industries is not related to The Shaw Group, a publicly traded company in Baton Rouge, LA.

History[edit]

Shaw Industries got its start in 1946 as Star Dye Company, a small business.[6] Clarence Shaw, father of Robert and J.C. Shaw, bought a commission dye company in 1946. Star Dye Company produced bedspreads and scatter rugs. In 1958, Robert Shaw became CEO of the company, which was then jointly owned by the two brothers.[6] With $3 in sales, the company expanded dramatically and soon started finishing carpet as Shaw Industries.

In 1967, J.C. Shaw organized a holding company to acquire Philadelphia Carpet Company, founded in 1846.[6] 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."[7] The holding company went public as Shaw Industries, Inc. in 1971 with approximately $43 million in sales and 900 employees.[4][6] 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.[6] The Shaw Industries Group had four billion in sales as of 1999.[8] The company also merged with Cabin Crafts and Sutton, and Queen Carpets.[6] J. Hicks Lanier is a former director.[9] 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.[10]

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.[2][6] Today, with the leadership of Vance Bell, CEO, and Randy Merritt, President, Shaw has $5 billion in annual sales and approximately 22,300 employees.[6]

Timeline[edit]

website link

1846

  • Philadelphia Carpets Company is founded to produce velvet carpets, beginning a legacy that spans the history of carpet in America.

1946

  • Shaw got its start as, Star Dye Company, a company to dye rugs, spreads, and robes.

1958

  • Star Dye starts dyeing carpet.

1967

  • A holding company is formed to acquire Philadelphia Carpet Company. The holding company adds Star Finishing, which evolved out of Star Dye, to the fold one year later.

1971

  • Philadelphia Holding Company goes public as Shaw Industries, Inc.

1972

  • Shaw takes the first step toward vertical integration by acquiring New Found Industries to generate its own yarn supply.

1973

  • Recognizing the potential of continuous dyeing processes, Shaw acquires Elite Processing, a state-of-the-art continuous dye plant.

1982

  • Shaw creates its own trucking subsidiary, dramatically improving the quality and speed of shipments to retailers nationwide.
  • Shaw significantly expands direct sales to small, independent retailers, providing better service and removing costs from their bottom lines.

1983

  • Shaw establishes regional distribution centers. By the end of 1983, Shaw maintains six regional DCs. Shaw opens three more in the following two years and 20 more over the next twenty.
  • Shaw acquires six yarn spinning mills, furthering its vertical integration and giving Shaw 100 percent of its own yarn supply.

1984

  • Shaw launches PRIDE, its internal quality process. The training, tracking, and goal-setting helps Shaw manufacture products to the highest quality standards.

1987

  • Shaw Industries purchases WestPoint-Pepperell Carpet and Rug Division, acquiring the Cabin Crafts and Stratton brands and adding 40 percent to the company's sales volume.

1989

  • Shaw Industries acquires the carpet division flagship Evans & Black brand of Armstrong World Industries, Inc., adding 30 percent to sales volume.

1992

  • Shaw Industries acquires Salem Carpet Mills, Inc., adding 25 percent to sales volume with the Salem Carpets and Sutton brands.
  • Shaw acquires Amoco's polypropylene fiber production facilities, becoming the largest producer of polypropylene fiber in the world. The move helps Shaw customers capitalize on the tremendous growth of Berber styles.

1992

  • Shaw launches Home Foundations, a comprehensive carpet program designed specifically for builders.

1993

  • As area rugs grow in both use and popularity, Shaw forms the Shaw Rugs division.

1998

  • Shaw merges with Queen Carpets. Their respective strengths form a company even more committed to meeting the needs of the marketplace and bringing value to customers.
  • Shaw commits to being a full-service flooring supplier by creating the Hard Surfaces division with the launch of Shaw Ceramics.

1999

  • Shaw Contract receives the Georgia Governor's Pollution Prevention Award for its revolutionary EcoWorx backing system, which is 100 percent recyclable into the production of more backing.

2000

  • Shaw says "yes" to its proposed acquisition by Berkshire Hathaway, Inc., the holding company of renowned financier Warren E. Buffett, who has been called the ultimate long-term investor.

2002

  • Shaw opens its new, state-of-the-art laminate manufacturing facility. It is Shaw's first step into the manufacturing of hard surface flooring.
  • Warren Buffett's Berkshire Hathaway acquires the 12.7% of Shaw Industries it didn't already own, giving it 100% ownership.

2003

  • Shaw completes its purchase of the north Georgia operations of the Dixie Group, acquiring such brands as Carriage Carpets, Bretlin, and Globaltex.

2006

  • Vance Bell is named Shaw's new CEO, and Randy Merritt is named President.

2006

  • Shaw purchases 100% ownership in Evergreen Nylon Recycling, the nylon recycling operation in Augusta, GA. The Evergreen plant uses patented technology to convert post-consumer nylon carpet into new nylon fiber.
  • Shaw announces plans to convert a former yarn plant in South Pittsburg, TN into a manufacturing facility for engineered hardwood.

2007

  • Shaw received Cradle to Cradle™ Certification for the company's EcoWorx™ backing and Eco Solution™ nylon from McDonough Braungart Design Chemistry.
  • Shaw acquires Anderson Hardwood Floors.

2008

  • Shaw named large Recycler of the Year by the Carpet America Recovery Effort (CARE), a joint industry-government initiative to promote carpet recycling, reuse, and waste reduction of post-consumer carpet.
  • Shaw acquires Zickgraf Hardwood Flooring.

2009

  • Shaw acquires Sportexe Construction Services, Inc., a leading synthetic turf company dedicated to sports surfacing.
  • Shaw's Epic™ hardwood receives Cradle to Cradle™ certification.
  • Shaw's Evergreen Recycling wins EPA/CARE Innovations in Carpet Recycling Award.
  • Shaw introduces BCF ClearTouch™ with recycled content.
  • The company starts up Clear path Recycling, the largest plastic bottle recycling facility in the United States.
  • Shaw releases its first sustainability report.

2010

  • Shaw builds Re2E, a facility that uses post-consumer carpet to generate steam energy and electricity to run an adjacent plant, saving enough fossil fuel each year to power 7,500 homes.
  • Anso® nylon earns SCS certification to claim 25% recycled content.
  • Shaw acquires Stuart Hardwood
  • Shaw named in Georgia Trend Magazine Best Places to Work.
  • Shaw becomes the first flooring manufacturer inducted into American textile Hall of Fame.

2011

  • Shaw reaches a milestone of 1/2 billion pounds of post-consumer carpet collected and recycled.
  • Shaw invests in Geohay, a manufacturer of patented barrier filtration products made from 100% reclaimed carpet fibers that are used to help control erosion and storm water run-off.
  • Shaw acquires Southwest Greens

References[edit]

  1. ^ Prem C. Jain, Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing, Wiley, 2010, p. 140 [1]
  2. ^ a b Tyya N. Turner, Vault Guide to the Top Manufacturing Employers, Vault, 2007, p. 388 [2]
  3. ^ Randall L. Patton, Shaw Industries: A History, Athens, Georgia: University of Georgia Press, 2003, p. 1 [3]
  4. ^ a b BusinessWeek
  5. ^ Forbes
  6. ^ a b c d e f g h Official website history
  7. ^ Deaton, Thomas M. (1993). Bedspreads to Broadloom: The Story of the Tufted Carpet Industry. Acton, Massachusetts: Tapestry. p. 132. ISBN 1-56888-038-3. 
  8. ^ Forbes Shaw Industries restructures
  9. ^ Vanderbilt Board of Trustees biography
  10. ^ Jones, Jamie (30 June 2006). "Saul retiring from Shaw Industries". The Daily Citizen. Retrieved 18 July 2012. 

External links[edit]