Shaw Industries Increases Its Equity Stake In Watershed Geosynthetics LLC – Investing in Sales Growth & Innovative Products by PRNewswire
DALTON, Ga., Sept. 10, 2015 /PRNewswire/ — Shaw Industries is pleased to announce it has significantly increased its investment in Watershed Geosynthetics LLC (WatershedGeo).
This increased equity stake ensures Watershed Geo is well-capitalized to address the sizeable environmental and civil markets served by its current product portfolio and other innovations currently being developed. The additional investment will be used to build a highly talented sales and marketing team capable of driving growth, while increasing its commitment of being a leading technical industry resource and innovator of environmental and civil solutions.
In addition, Shaw brings tremendous resources to WatershedGeo through its extensive research and development experience and enhanced innovative manufacturing capabilities.
“WatershedGeo has demonstrated the ability to widen the moat with its innovative patented array of products servicing the environmental and civil engineering sectors of the market. This increased investment illustrates our commitment to driving the growth of this business and expanding Shaw’s reach to those sectors,” stated Vance Bell, Chairman and CEO of Shaw Industries.
Shaw originally took an equity stake in WatershedGeo in October 2011, when WatershedGeo’s stable of products included only ClosureTurf®, its landfill final closure capping solution.
A significant part of WatershedGeo’s success is attributed to alliances with top-tier manufacturers such as Shaw Industries with its expertise in woven, non-woven and tufted textiles, and Agru America, a worldwide leading manufacturer of geomembranes.
Over the last four years, WatershedGeo has expanded its product line with multiple U.S. and international patents and patent-pending products for soil erosion, water conservation, earth wall stabilization, including two recent patent issuances for HydroTurf® Earth Revetment Systems and Landfill Gas Collection and Relief Valves.
“Shaw’s commitment to our business has been invaluable to us throughout our four-year relationship, and this investment serves to both validate their faith in our business and provide us the resources we need to add the necessary capital to directly drive sales growth and continued innovation of industry-changing solutions,” said Mike Ayers, President and CEO of WatershedGeo.
About Shaw Industries
The world’s largest carpet manufacturer and a leading floorcovering provider, Shaw Industries Group, Inc. is a vertically integrated manufacturer that supplies carpet, hardwood, laminate, resilient, tile & stone flooring products and synthetic turf to residential and commercial markets worldwide. A wholly owned subsidiary of Berkshire Hathaway, Inc. with more than $4.8 billion (USD) in annual sales and more than 22,000 associates, Shaw is headquartered in Dalton, Georgia, with salespeople and/or offices located throughout the U.S., as well as Australia, Canada, China, India, Mexico, Singapore, United Arab Emirates, and the United Kingdom. For more information, visit shawinc.com.
About Watershed Geosynthetics LLC
Based in Alpharetta, GA, Watershed Geosynthetics (WatershedGeo) is an innovative environmental and civil technologies company specializing in engineered products that solve earth’s greatest challenges with solutions that reduce risks, require virtually no maintenance and stand the test of time. WatershedGeo’s solutions far exceed the performance of traditional methods, with validation through the highest levels of testing. Through best-in-class materials and extreme engineering, WatershedGeo’s goal is to unearth solutions that eliminate plaguing industry issues that reduce environmental and financial liabilities. The company’s geotechnical engineers and hydrologists have worked with multiple universities and private research labs to achieve unprecedented performance for its products. WatershedGeo’s stable of products include but are not limited to:
ClosureTurf® (municipal and industrial landfill closures and coal combustion residual landfill/impoundment closures)
HydroTurf® (high hydraulic shear protections – Earth Revetment)
VersaCap® (odor prevention, emission control, and leachate reduction)
Landfill Gas low pressure valves (GCCS system shutdown protection)
TerraArmor™ Wall (Earth wall and slope protection and rehabilitation)
SOURCE Watershed Geosynthetics LLC