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.[1][2] It is headquartered in Dalton, Georgia,[3][4][5] and is a wholly owned subsidiary of Berkshire Hathaway.[1]
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 $300,000 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 Tim Baucom, CEO, Shaw has $6 billion in annual sales and approximately 22,000 employees.[6] In 2016, Shaw acquired competitor USFloors.[11]
Referencesedit
^ abPrem C. Jain, Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing, Wiley, 2010, p. 140 [1]
^ abTyya N. Turner, Vault Guide to the Top Manufacturing Employers, Vault, 2007, p. 388 [2]
^ abcdefgh"Shaw Industries History". Retrieved 12 September 2016.
^Deaton, Thomas M. (1993). Bedspreads to Broadloom: The Story of the Tufted Carpet Industry. Acton, Massachusetts: Tapestry. p. 132. ISBN1-56888-038-3.
^Ghosh, Chandrani (15 November 1999). "Floored". Forbes. Archived from the original on January 23, 2013. Retrieved 12 September 2016.
^Vanderbilt Board of Trustees biography 2011-09-28 at the Wayback Machine
^Jones, Jamie (30 June 2006). "Saul retiring from Shaw Industries". The Daily Citizen. Retrieved 18 July 2012.
shaw, industries, confused, with, shaw, group, shaw, disambiguation, group, world, largest, carpet, manufacturers, with, more, than, billion, annual, revenue, approximately, employees, worldwide, headquartered, dalton, georgia, wholly, owned, subsidiary, berks. Not to be confused with The Shaw Group or Shaw disambiguation 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 1 2 It is headquartered in Dalton Georgia 3 4 5 and is a wholly owned subsidiary of Berkshire Hathaway 1 Shaw Industries Group Inc TypeSubsidiaryIndustryTextileFounded1946 77 years ago 1946 HeadquartersDalton Georgia United StatesProductsCarpets Wood Flooring Resilient Flooring Laminate Tile amp StoneRevenueUS 6 billionOwnerBerkshire HathawayWebsiteshawinc wbr comHistory editShaw 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 300 000 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 Tim Baucom CEO Shaw has 6 billion in annual sales and approximately 22 000 employees 6 In 2016 Shaw acquired competitor USFloors 11 References edit a b Prem C Jain Buffett Beyond Value Why Warren Buffett Looks to Growth and Management When Investing Wiley 2010 p 140 1 a b Tyya N Turner Vault Guide to the Top Manufacturing Employers Vault 2007 p 388 2 Randall L Patton Shaw Industries A History Athens Georgia University of Georgia Press 2003 p 1 3 a b Shaw Industries Group Inc Private Company Information Businessweek Archived from the original on May 16 2007 Retrieved 12 September 2016 Forbes dead link a b c d e f g h Shaw Industries History Retrieved 12 September 2016 Deaton Thomas M 1993 Bedspreads to Broadloom The Story of the Tufted Carpet Industry Acton Massachusetts Tapestry p 132 ISBN 1 56888 038 3 Ghosh Chandrani 15 November 1999 Floored Forbes Archived from the original on January 23 2013 Retrieved 12 September 2016 Vanderbilt Board of Trustees biography Archived 2011 09 28 at the Wayback Machine Jones Jamie 30 June 2006 Saul retiring from Shaw Industries The Daily Citizen Retrieved 18 July 2012 Shaw Industries acquires USFloors FloorCoveringNews Retrieved 2018 04 30 Retrieved from https en wikipedia org w index php title Shaw Industries amp oldid 1162439521, wikipedia, wiki, book, books, library,
