Shaw Takes Flooring Seriously
Shaw Floors is creating a better future customers, employees, communities and the company alike. Shaw values honesty, integrity, passion. The company strives to always provide great products and great service. Shaw is continually differentiating their service and adding value for customers motivated every major move in the company’s development.
Shaw got its start in 1946 as Star Dye Company, a small business that dyed tufted scatter rugs. The events that transformed the company into the world’s largest carpet manufacturer are too numerous to write or even fully know. But the philosophy guiding those events meeting customers, determine their needs, and supplying those needs hasn’t changed much through the years.
In 1958, the company expanded dramatically and soon started finishing carpet. In 1967, a holding company was formed 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.
On January 4, 2001, Shaw began a new chapter in its long and varied history with the completion of its sale to Berkshire Hathaway Inc., the holding company of renowned investor Warren E. Buffett. Berkshire Hathaway is known for buying and holding businesses that have a dominant market share, have strong management teams, and are considered undervalued in the stock market. With the move, Shaw ended its tenure as a public company.