Shaw Industries Acquires Tricycle
Shaw Industries announced that it has completed the purchase of Tricycle, a technology company supporting the commercial interiors business. The acquisition will enable Shaw’s commercial business to lead the industry in carpet sampling simulation and digital tools.
Tricycle produces digital carpet samples for major floor covering manufacturers. Founded in 2002 in Chattanooga, Tenn., the company helps commercial interiors manufacturers, interior designers, and architects work more efficiently and produce less sample waste. Tricycle’s technology leads the industry in simulated carpet sampling, innovative digital tools, and the expertise to automate the manufacturing process.
“Technology will continue to enable innovation in the flooring industry, and Shaw is committed to leading the way,” said Vance Bell, Shaw chairman and CEO. “This acquisition is just the beginning of what will be our company’s long-term investment in Tricycle’s people and technology.”
Tricycle will operate as a wholly owned subsidiary and operate independently, serving the commercial flooring industry. The team of 18 associates will continue to be led by CEO Aern Hetem, from its headquarters in Chattanooga, Tenn.
“We are very excited to join Shaw, a company known for award-winning design, quality, service, innovation, and sustainability,” said Hetem. “These qualities align well with the Tricycle core values of innovation, quality, responsiveness, problem solving, and sustainability.”