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In 1958, Robert Shaw became CEO of the company, which was then jointly owned by the two brothers. [6] With $300,000 in sales, the company expanded dramatically and soon started finishing carpet as Shaw Industries. In 1967, J.C. Shaw organized a holding company to acquire Philadelphia Carpet Company, founded in 1846. [6]
2003: Interface becomes the first carpet company to receive Environmentally Preferable Product (EPP) certification for its products and the first company to introduce Climate Neutral product offering through its Cool Carpet program. 2006: Interface unveils TacTiles, the first glue-free and sustainable flooring installation method. [18]
In Europe, the company also produces and sells insulation, panels and mezzanine flooring. The company employs 43,000 people in operations in Australia, Brazil, Canada, Europe, Malaysia, Mexico, New Zealand, Russia and the United States. [5] A Fortune 500 company, Mohawk is the world's largest flooring manufacturer. [6] [7] [8]
In September 2011, Toshiba was reported to be in talks to acquire the Shaw stake. [1] Toshiba is paying $1.6 billion for the 20% stake under a Shaw-owned option, Shaw CEO J.M. Bernhard Jr. said. Shaw said it was the 50% rise in the yen on its yen-denominated debt over
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The company was founded as FDO Holdings in 2000 by George West, whose family ran West Building Materials. [5] The company changed its name to Floor & Decor Holdings, Inc. in April 2017. [2] [6] The company doubled in size in the five years between 2011 and 2016, and revenues went from $277 million in 2011 to more than $772 million in 2016.
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