Shaw Flooring is owned by Berkshire Hathaway, which is the holding company led by Warren Buffett, making Warren Buffett the ultimate owner of Shaw Industries Group, Inc. Shaw Industries was founded in 1946 in Dalton, Georgia, which is known as the carpet capital of the world, and grew to become one of the largest flooring manufacturers globally. In 2001, Berkshire Hathaway acquired Shaw for 2.1 billion dollars, and since then Shaw has operated as a wholly owned subsidiary of Berkshire Hathaway. Berkshire Hathaway is a conglomerate headquartered in Omaha, Nebraska, that owns many well-known companies including GEICO insurance, Duracell batteries, Dairy Queen, Benjamin Moore paints, and Shaw flooring. Shaw continues to operate independently with its own management team, CEO Tim Baucom, and headquarters in Dalton, Georgia, but benefits from Berkshire Hathaway's financial strength and Warren Buffett's long-term ownership philosophy. Shaw has annual revenue over 6 billion dollars and produces carpet, luxury vinyl plank like Floorte Pro, hardwood, and laminate, and remains one of the most trusted flooring brands.
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