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Carpet manufacturing at the Amsterdam site ended by 1968 and the last corporate offices left by 1987. [9] In 1988, Mohasco was purchased by MHS Holdings in a leveraged buyout, and the company's carpet business was spun off from Mohasco to form Mohawk Industries. [11] [12] Mohawk Industries factory in Commerce, Texas
Shaw Industries Group, Inc. is one of the world's largest carpet manufacturers with more than $6 billion in annual revenue and approximately 22,000 employees worldwide. [ 1 ] [ 2 ] It is headquartered in Dalton , Georgia , [ 3 ] [ 4 ] [ 5 ] and is a wholly owned subsidiary of Berkshire Hathaway .
Shaw Industries: Materials and Construction 2002/01/21 [73] Star Furniture: Furniture Related 100% 1997/07/14 TTI, Inc. Electronic Component Distribution 100% 2007/03/30 United States Liability Insurance Group Insurance and Finance 100% 2000/08/08 [74] Wesco Financial: Insurance and Finance 100% 1978 [75] Business units dissolved into Berkshire ...
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In 2005, Mohawk purchased Unilin, a Belgium-based maker of laminate flooring and MDF board (a composite used in do-it-yourself furniture) for $2.6 billion (~$3.9 billion in 2023). [7] In 2023, Lorberbaum's total compensation from Mohawk was $4.4 million, or 103 times the median employee pay at Mohawk for that year. [8]