Shaw Sells Solid Hardwood Flooring Manufacturing Facilities

Shaw Industries Group, Inc. (“Shaw”) has sold its solid hardwood flooring manufacturing facilities to Beasley Flooring Products, Inc. (“Beasley”). This transaction includes Shaw plants in Franklin, N.C., and in Bryson City, N.C. Beasley will continue to operate these facilities expanding its ability to manufacture quality flooring products.

Shaw will continue to provide its customers with solid hardwood products and introduce new styles to meet ever-changing market demands through its outsourced relationships. The company remains focused on product innovation, superior service, quality and sustainability through its own operations and throughout its supply chain and will continue to manufacture engineered hardwood flooring.

“After careful consideration, we have determined that outsourcing this portion of our business is the most effective way to serve our customers,” stated David Morgan, Executive Vice President of Operations at Shaw. “Beasley has long been a leader in the forest products market and has been a Shaw supplier for years. We are confident that our partnership will make the transition a smooth one. They bring inherent value to our supply chain.”

Darrell Beasley, President and CEO of Beasley Group, said, “These state-of-the-art assets and the skilled associates that work at these facilities will allow us to expand our current operations quickly and efficiently. We’re excited to welcome our new employees into the Beasley family. We value our long-term partnership with Shaw and look forward to providing all our customers with high quality products to meet their ever-evolving needs.”

About Beasley Group

Beasley Flooring Products is a subsidiary of the Beasley Group, headquartered in Hazlehurst, GA. The Group is an innovative forest products company whose diversified operations include sawmills, timberlands, renewable fuels (wood pellets), energy generation, hardwood veneers, flooring, wood shavings and flour, as well as access matting and mat installation. Beasley’s vertical integration and operations in a wide variety of forest product businesses allows it to optimally use raw materials to effectively and efficiently produce quality products using sustainable management practices. For additional information, visit www.beasleyforestproducts.com and www.beasleyflooringproducts.com.

About Shaw Industries

Shaw Industries Group, Inc. is more than a flooring company – we are 22,000 people united in our vision of creating a better future for our customers, for our people, for our community and for our company. We provide carpet, resilient, hardwood, tile & stone, laminate, synthetic turf and other specialty items for residential and commercial markets worldwide. We meet diverse customer needs through an expansive portfolio of brands, including: Anderson Tuftex, COREtec, Patcraft, Philadelphia Commercial, Shaw Contract, Shaw Floors, Shaw Hospitality, Shaw Sports Turf, Southwest Greens, USFloors and more. Headquartered in Dalton, Georgia, Shaw is a wholly owned subsidiary of Berkshire Hathaway with more than $6 billion in annual revenue and representation throughout the U.S., as well as in Australia, Belgium, Brazil, Canada, Chile, China, France, India, Mexico, Singapore, United Arab Emirates, and the United Kingdom.

Contact:

Dana Hartline – dana@hlstrategy.com – (770) 823-9717

Source: Shaw Industries Group, Inc.