Headlines

Carpet Bomb

Berkshire Hathaway buys the remaining 13 percent of Shaw Industries

Published

22 years ago

January 22, 2002

admin1

Berkshire Hathaway Inc. (Omaha, Neb.), the investment firm headed by billionaire Warren Buffett, has acquired the rest of the shares of carpet-maker Shaw Industries Inc. (Dalton, Ga.). Shaw is the world's largest manufacturer of tufted broadloom carpet and a leading supplier of carpeting and flooring materials to the store building and design industry.

Berkshire Hathaway had bought a majority stake in Shaw in January 2001 for $2 billion. The transaction price for the remaining 12.7 percent of common shares was not disclosed. The shares had been owned by a group including ceo Robert Shaw, president Julian Saul, members of the Shaw and Saul families and other members of Shaw management.

The Berkshire Hathaway portfolio also includes International Dairy Queen Inc., The Washington Post Co., Benjamin Moore & Co. paints and Coca-Cola.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design