Shaw Industries Group on Monday announced it has completed the purchase of USFloors Inc., which will expand its already strong position in the luxury vinyl tile and hard surface markets.
"This is a marked time of growth and progress as we further expand our resilient and hard surface markets with the purchase of USFloors," Shaw CEO Vance Bell said in a statement.
USFloors, a leading innovator and marketer of composite core flooring as well as cork, bamboo and hardwood products, is seen as bringing a more diverse portfolio of products to Shaw's offerings. Composite core encompasses a wide range of evolving flooring products, including wood-plastic composite (WPC) and rigid core board. The companies' combined design, innovation, service and operational excellence will enhance both of their positions in the market, according to Shaw.
Through the acquisition of Dalton-based USFloors, Shaw procured the fastest growing company in the wood-plastic flooring market, Shaw said.
Shaw also recently invested more than $100 million in the creation of a new resilient manufacturing facility in Ringgold, Ga., which currently employs about 100 people.
"We are extremely proud to join Shaw, a company known for quality, team work, superior service and operational excellence," said Piet Dossche, USFloors' CEO. "By combining these two stellar flooring companies, we will further empower our talented teams to solidify our COREtec brand as the leading product within the new WPC flooring category."
Founded in 2001 by Dossche, USFloors markets its products under the COREtec, Natural Cork, Natural Bamboo, Navarre and Castle Combe Floor and Wall brands.
Shaw is a wholly owned subsidiary of Berkshire Hathaway Inc. and employs more than 20,000 people.