Shaw Inds. announced on Monday that it is exiting the area rug business. In conjunction with the announcement, the Dalton, Ga.-based company, which is wholly owned by Berkshire Hathaway, Inc., ...

Shaw Industries announced today that it is exiting the area rug business and will convert its rug facility in Ringgold, Ga., into a luxury vinyl tile (LVT) manufacturing facility.

Carpet and flooring giant Shaw Industries will get out of the area rug business and turn its Ringgold, Ga., area rug factory into a luxury vinyl tile plant.

Flooring powerhouse Shaw Industries surprised analysts on Monday with an announcement that the company will exit the $2 billion area rug business and bolster its domestic presence in the luxury ...