Shaw Industries
Encyclopedia
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 25,000 associates worldwide. It is headquartered in Dalton
, Georgia.
Shaw Industries is not related to The Shaw Group
, a publicly-traded company in Baton Rouge, LA.
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. 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 company also merged with Cabin Crafts and Sutton, and and Queen Carpets. J. Hicks Lanier
is a former director.
On January 4, 2001, under the guidance of CEO and President W. Norris Little, Sr. and owner Bob Shaw, Shaw Industries was sold to Berkshire Hathaway
Inc., the holding company of Warren E. Buffett. Today, with the leadership of Vance Bell, CEO, and Randy Merritt, President, Shaw has $5 billion in annual sales and approximately 30,000 employees.
Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years,...
, Inc., is the world's largest carpet manufacturer with more than $4 billion in annual sales and approximately 25,000 associates worldwide. It is headquartered in Dalton
Dalton, Georgia
Dalton is a city in Whitfield County, Georgia, United States. It is the county seat of Whitfield County and the principal city of the Dalton, Georgia Metropolitan Statistical Area, which encompasses all of both Murray and Whitfield counties. As of the 2010 census, the city had a population of 33,128...
, Georgia.
Shaw Industries is not related to The Shaw Group
The Shaw Group
The Shaw Group is a Fortune 500 corporation headquartered in Baton Rouge, Louisiana. As of February 27, 2011, the company employed approximately 28,000 people all over the world with 7 billion dollar revenue in 2010...
, a publicly-traded company in Baton Rouge, LA.
History
Shaw Industries got its start in 1946 as Star Dye Company, a small business. Harry Shaw, bought Star Dye Company in 1946. In 1958, Harry Shaw became CEO of the company, which was then jointly owned by the two brothers. 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. The holding company added Star Finishing to the fold one year later, marking the company's first move into carpet manufacturing. 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 company also merged with Cabin Crafts and Sutton, and and Queen Carpets. J. Hicks Lanier
J. Hicks Lanier
John Hicks Lanier is an American businessman. He has been the Chairman of the Board and CEO of Oxford Industries since 1981.-Biography:J. Hicks Lanier graduated from Vanderbilt University and received an M.B.A. from Harvard University in 1964....
is a former director.
On January 4, 2001, under the guidance of CEO and President W. Norris Little, Sr. and owner Bob Shaw, Shaw Industries was sold to Berkshire Hathaway
Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years,...
Inc., the holding company of Warren E. Buffett. Today, with the leadership of Vance Bell, CEO, and Randy Merritt, President, Shaw has $5 billion in annual sales and approximately 30,000 employees.