Flooring giant Shaw Industries said Tuesday it has a deal in place to buy fellow Georgia-based manufacturer USFloors, a maker of vinyl title and other solid flooring products.
Dalton-based Shaw said the acquisition will expand its place in the luxury vinyl tile or LVT market and in other solid flooring segments. A sale price was not released, but the acquisition is expected to close by the end of the year.
Shaw is a wholly owned subsidiary of Berkshire Hathaway. Shaw said it has more than $4.8 billion in annual sales and more than 20,000 employees.
USFloors also makes cork, bamboo and hardwood flooring products.
“Our companies share similar values and focus on innovation, style and design and sustainability leadership,” Vance Bell, Shaw chairman and CEO. “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.”
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