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Shaw Industries

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NEWS
December 5, 1993 | PHILLIP GARCIA, SPECIAL TO THE TIMES
The City Council has threatened to do battle with the federal government over 63.5 acres of property that a federal agency controls in the heart of the city's industrial area. The council has warned federal officials that it will use its condemnation power to seize the property if the federal agency doesn't sell it to the city. The land west of Shoemaker Avenue and north of Florence Avenue is held by the Resolution Trust Corp.
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BUSINESS
September 7, 2000 | From Times Wire Services
Berkshire Hathaway Inc., the investment firm headed by billionaire Warren Buffett, has offered to buy Shaw Industries Inc., the world's largest carpet maker, for about $2 billion, or $19 a share, in cash. The news sent Shaw's shares up $6.44, or 53%, to $18.63 on the New York Stock Exchange. Berkshire's Class A shares dropped $1,250 to $58,000 and its Class B shares fell $35 to $1,910, also on the NYSE.
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BUSINESS
March 15, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
Shaw Industries, the nation's largest carpet manufacturer, will build a major warehouse in a Cypress business park where it will consolidate its Southern California operations, the Georgia company's broker said Tuesday. CB Commercial said that Shaw Industries signed a deal to build a 363,000-square-foot warehouse in the Warland Cypress Business Center at Valley View Street and Warland Drive. Terms of the deal were not disclosed.
BUSINESS
March 15, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
Shaw Industries, the nation's largest carpet manufacturer, will build a major warehouse in a Cypress business park where it will consolidate its Southern California operations, the Georgia company's broker said Tuesday. CB Commercial said that Shaw Industries signed a deal to build a 363,000-square-foot warehouse in the Warland Cypress Business Center at Valley View Street and Warland Drive. Terms of the deal were not disclosed.
BUSINESS
September 7, 2000 | From Times Wire Services
Berkshire Hathaway Inc., the investment firm headed by billionaire Warren Buffett, has offered to buy Shaw Industries Inc., the world's largest carpet maker, for about $2 billion, or $19 a share, in cash. The news sent Shaw's shares up $6.44, or 53%, to $18.63 on the New York Stock Exchange. Berkshire's Class A shares dropped $1,250 to $58,000 and its Class B shares fell $35 to $1,910, also on the NYSE.
BOOKS
December 30, 1990 | Christopher Knight
As nothing is more bizarre than the ordinary artifact closely observed, this full-color catalogue of 201 paintings by amateurs and hobbyists shoots to the top of the charts of estimably odd coffee-table art books. Conceived and designed by artist Jim Shaw and published by artist Edward Ruscha, the riveting volume is all pictures, no text--save for the purely descriptive titles given to the paintings. "Indian Maidens Frolic in Bikinis," "Man and Woman Emerge From Egg in Seascape" and the ever-popular "Wolves Attacking Steer Carcass on Snowy Night" are among the subjects these vernacular artists felt they simply had to paint; these pictures were then snapped up by Shaw and other collectors at the salon des refuses of suburban American culture--the neighborhood thrift store.
BUSINESS
January 22, 2002 | Bloomberg News
Billionaire investor Warren Buffett's Berkshire Hathaway Inc. agreed to acquire the 13% of carpet maker Shaw Industries Inc. it doesn't already own for about $354.6 million in stock. The stake is held by a group that includes Shaw Chief Executive Robert Shaw and President Julian Saul, Omaha-based Berkshire said. Buffett's investment company agreed to buy its 87% stake in the largest maker of tufted broadloom carpet in September 2000 for $2.07 billion in cash. Shaw is based in Dalton, Ga.
BUSINESS
December 7, 1993 | From Times Staff and Wire Reports
Mohawk Carpets to Acquire Aladdin Mills Inc.: The nation's second-largest carpet maker will take over privately held Aladdin in a stock-swap valued at about $422 million. The combined company, with about $1.3 billion in annual sales, would still be a distant second to industry leader Shaw Industries Inc., which has about $2.4 billion in sales, or 30% of the U.S. carpet market. Atlanta-based Mohawk Industries Inc. and Dalton, Ga.-based Aladdin have little overlap.
CALIFORNIA | LOCAL
September 28, 1994 | BILL BILLITER
Despite pleas from an overflow audience that overwhelmingly opposed the project, the City Council early Tuesday morning unanimously approved construction of a large warehouse-distribution center in the Cypress Business Center. The council's vote at 12:30 a.m. culminated a nightlong, raucous meeting during which the audience sometimes exploded into boos and catcalls. At one point, Mayor Richard Partin threatened to clear the room.
BUSINESS
November 28, 2000 | Bloomberg News
Warren Buffett continues to look to the building-materials business for bargains. Shares of USG Corp. (ticker symbol: USG) soared almost 30% on Monday after Buffett's Berkshire Hathaway Inc. reported holding a 14.98% stake in the biggest U.S. maker of wallboard. Chicago-based USG's shares jumped $4.44 to $19.38 after Berkshire disclosed its investment of 6.5 million shares in a Securities and Exchange Commission filing.
NEWS
December 5, 1993 | PHILLIP GARCIA, SPECIAL TO THE TIMES
The City Council has threatened to do battle with the federal government over 63.5 acres of property that a federal agency controls in the heart of the city's industrial area. The council has warned federal officials that it will use its condemnation power to seize the property if the federal agency doesn't sell it to the city. The land west of Shoemaker Avenue and north of Florence Avenue is held by the Resolution Trust Corp.
BOOKS
December 30, 1990 | Christopher Knight
As nothing is more bizarre than the ordinary artifact closely observed, this full-color catalogue of 201 paintings by amateurs and hobbyists shoots to the top of the charts of estimably odd coffee-table art books. Conceived and designed by artist Jim Shaw and published by artist Edward Ruscha, the riveting volume is all pictures, no text--save for the purely descriptive titles given to the paintings. "Indian Maidens Frolic in Bikinis," "Man and Woman Emerge From Egg in Seascape" and the ever-popular "Wolves Attacking Steer Carcass on Snowy Night" are among the subjects these vernacular artists felt they simply had to paint; these pictures were then snapped up by Shaw and other collectors at the salon des refuses of suburban American culture--the neighborhood thrift store.
CALIFORNIA | LOCAL
September 27, 1995 | BILL BILLITER
South Cypress residents opposed to a large warehouse going up near their neighborhood protested at the building site late Tuesday. The rally, at Valley View Street and Orangewood Avenue, drew about three dozen people, most of whom carried protest signs reading, "No 24-Hour Trucking" and "Warehouse City or Cypress City?" Passing motorists waved and honked their horns in support.
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