Shaw Industries is exiting the area rug business and will convert the current Ringgold, Ga. rug facility into a new state-of-the-art luxury vinyl tile (LVT) manufacturing facility.
“The economics of the rug business today simply do not allow for future growth or encourage further investment,” according to Vance Bell, chairman and CEO. “We have been intentional about exiting this business at a time when more opportunities exist for our associates.”