Shaw buys Anso and Zeftron;<br>assures flow of raw materials
In a deal that stands to significantly enhance Shaw Industries' position in nylon carpet, the company said it has agreed to acquire Honeywell International's U.S. nylon carpet fibers business. Included are three nylon fiber manufacturing plants as well as the Zeftron nylon and Anso nylon brand names.
In addition, the two companies agreed to a long-term deal that calls for Honeywell to supply Shaw with raw materials. Shaw will also acquire Honeywell's 50 percent stake in a recycling plant in Augusta, Ga., that was closed two years ago but is expected to reopen. Terms of the deal, which is expected to be finalized before the end of the year, were not disclosed.