Shaw Industries Group said it has signed a definitive agreement to buy hardwood flooring maker Anderson and its family of companies. Based in Clinton, S.C., the 61-year-old Anderson is a fully integrated manufacturer with hardwood brands including Anderson, Virginia Vintage, Appalachian, Biltmore Estate and Anderson Pacific.
Shaw Industries CEO Vance Bell said Anderson’s core values fit well with Shaw’s. “We are very excited about Anderson joining Shaw Industries. Anderson has a longstanding reputation for product innovation, styling and premier quality,” he said. “Anderson and Shaw are fully committed to the Anderson brand and its growth through their existing channels and customers.”
Plans call for Don Finkell, president and CEO of Anderson, as well as the full Anderson management team to stay on with Shaw. Additionally, Shaw will “welcome all Anderson associates to the Shaw team,” Bell added.
Anderson’s Finkell said the move will accentuate the strengths of both companies. “Joining Shaw Industries will allow Anderson to keep being Anderson but with even greater resources,” he enthused. “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.”
Terms of the deal were not disclosed.
