Dalton, Ga.- September 14, 2007 – Shaw Industries Group, Inc., a subsidiary of Berkshire Hathaway, announced today that it has signed a definitive agreement to acquire The Anderson Family of Companies based in Clinton, SC.
Anderson has been in the hardwood flooring business for over 61 years and sells under
various brands including Anderson™, Virginia Vintage™, Appalachian™, Biltmore
Estate® and the Anderson Pacific™ brand. Anderson is a fully integrated producer of
hardwood flooring and is noted for their quality, craftsmanship and innovation.
In commenting on the transaction Vance D. Bell, Chief Executive Officer of Shaw
Industries Group, Inc., stated, “We are very excited about Anderson joining Shaw
Industries. Anderson has a longstanding reputation for product innovation, styling and
premier quality. We are pleased that Don Finkell and the entire management team of
Anderson are joining Shaw and we welcome all Anderson associates to the Shaw team.
Both Anderson and Shaw are fully committed to the Anderson brand and its growth
through their existing channels and customers.”
Don Finkell, President and Chief Executive Officer of Anderson, commented further,
“Joining Shaw Industries will allow Anderson to keep being Anderson but with even
greater resources. The combined strengths of these two companies will allow us to
continue exceeding our customers’ expectations for outstanding products and services for
many years to come.”
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