Wednesday, October 26, 2016
Shaw Industries Group, Inc., the world’s biggest carpet manufacturer, is buying USFloors to help expand its luxury vinyl tile and hard surfaces business.
The Dalton, Ga.-based Shaw announced today that it has reached a definitive agreement to purchase USFloors for an undisclosed amount., USFloors is a leading innovator and marketer of wood-plastic composite (WPC) flooring in the LVT category, as well as cork, bamboo and hardwood products.
The sale is expected to close in the fourth quarter, after customary closing conditions and regulatory approvals.
“We are excited to welcome Piet Dossche and the USFloors team to Shaw Industries,” Shaw Industries CEO Vance Bell said in a statement today. “Our companies share similar values and focus on innovation, style and design and sustainability leadership. Combining USFloors, the fastest growing company in the fastest growing segment of the flooring business, with Shaw’s LVT position creates a significant opportunity for the combined companies.” Vance added further.
Piet Dossche, who founded USFloors in 2001, said “backed by Shaw’s superior service and operational excellence we will be able to expand our leadership position in the WPC segment even faster.”
USFloors markets its products under the COREtec, Natural Cork, Natural Bamboo, Navarre and Castle Combe Floor and Wall brands. The company’s manufacturing and corporate facilities are based in Dalton, Ga.,, and its distribution facilities are in Dalton; Augusta, Georgia; and Anaheim, California. In addition, USFloors has an extensive QC and Logistic presence in Shanghai China and an International Sales and Marketing office in Belgium, Europe.