On Oct. 18, Shaw Industries Inc. (Dalton, Ga.) entered into an agreement to acquire USFloors (Dalton, Ga.).
Shaw’s purchase would expand its position in the hard surface market, including the hardwood, cork, bamboo, wood-plastic composite and luxury vinyl tile categories.
“We are excited to welcome Piet Dossche and the USFloors team to Shaw Industries,” said Vance Bell, Shaw chairman and CEO, in a statement. “Our companies share similar values and focus on innovation, style and design and sustainability leadership.”
Dossche, USFloors CEO, said in a statement he was proud and enthusiastic to join Shaw.
“Backed by Shaw’s superior service and operational excellence we will be able to expand our leadership position in the WPC segment even faster and solidify our COREtec brand as the global benchmark for this new flooring category,” he said.
The purchase has to undergo closing conditions and regulatory approvals, but should close in the fourth quarter of 2016, the statement said.
