Shaw Industries announces acquisition of majority stake in Watershed Geo

The partnership between Shaw, Watershed Geo and Watershed Solar is a prime example of companies working together based on a set of shared beliefs around our customers’ value, innovation, sustainability and importance. of a growth mindset, – Tim Baucom, Shaw President & CEO

Shaw Industries Group, Inc. (Shaw) announces that it has acquired a significant controlling interest in Watershed Geosynthetics, LLC. (Watershed Geo) and entered into a letter of intent to acquire a controlling interest in Watershed Solar, LLC. (Solar watershed). These measures build on the long-standing partnership between Shaw and Watershed Geo. Watershed Geo and Watershed Solar sell innovative and patented environmental solutions for the utilities, waste management, erosion control and mining industries. The leadership teams of both companies will remain in place and continue to move the business forward.

“We have had a business and financial relationship with Watershed Geo for ten years,” said Vance Bell, executive chairman of Shaw. “It’s exciting to see how their business has grown and the huge opportunities they have in the future. Driven by commitments from major utilities, government agencies and global industries, the company is poised to explode. “

Watershed Geo develops innovative solutions for the protection and resilience of civil, environmental and energy infrastructures. These widely recognized innovations challenge traditional solutions with systems that are durable, inexpensive and designed for extreme performance. Watershed Geo serves the environmental and civil sectors, with clients such as TVA, Environmental Protection Agency, Southern Company, Dow, Rio Tinto, ExxonMobil, Chevron, US Department of Energy, Georgia Pacific, US Department of Defense, waste management facilities public and private and many others.

Watershed Solar is a start-up providing patented renewable energy solutions. The technology, branded by PowerCap ™, provides low profile, high efficiency solar panels above landfills, coal ash closures and rooftops that utilize Watershed Geo roofing technologies. The combination of these innovative solutions transforms liabilities into renewable energy assets.

“This additional investment from Shaw provides increased financial strength and operational capability,” said Mike Ayers, CEO of Watershed Geo and Watershed Solar. “It also represents a significant vote of confidence in Watershed Geo’s mission to improve the resilience of civil and environmental infrastructure, while delivering significant and tangible environmental benefits to both our customers and the communities we serve. “

“We are optimistic about continued growth based on the economic and environmental benefits we create for our customers,” said Kyle Ehman, president of Watershed Geo and Watershed Solar. “One of our areas of opportunity is converting landfills into solar parks, creating value for businesses and communities. With the additional investment from Shaw, we will accelerate this progress.

Shaw initially invested in Watershed Geo in 2011 to inject capital and diversify the company’s use of its artificial turf manufacturing assets. Shaw is Watershed Geo’s exclusive sod supplier.

“The partnership between Shaw, Watershed Geo and Watershed Solar is a prime example of companies working together based on a set of shared beliefs around our customers’ value, innovation, sustainability and importance of a growth mindset, ”said Tim Baucom, President and CEO of Shaw. “I am delighted to see where the partnership will take us from here. “

ABOUT SHAW

Shaw Industries Group, Inc. is more than a flooring company – we are over 20,000 people united in our vision to create a better future for our customers, for our employees, for our community and for our business. We supply carpet, resilient, hardwood, tile and stone, laminate, synthetic turf and other specialty items to residential and commercial markets around the world. We cater to diverse customer needs through an extensive portfolio of brands including: Anderson Tuftex, COREtec, Floorigami, Patcraft, Philadelphia Commercial, Shaw Contract, Shaw Floors, Shaw Sports Turf, Southwest Greens and more.

Based in Dalton, Georgia, Shaw is a wholly owned subsidiary of Berkshire Hathaway with annual sales of $ 6 billion and representation in the United States, as well as Australia, Belgium, Brazil, Canada, Chile, China, France, India, Mexico, Singapore, United Arab

the Emirates and the United Kingdom. For more information on our company’s brands, operations and community engagement, or to join our cutting edge team, visit http://www.shawinc.com.

ABOUT THE GEO WATERSHED

Based in Alpharetta, Georgia, Watershed Geo develops intellectual property and provides technical solutions for problematic ongoing environmental and renewable energy infrastructure. Watershed’s products solve a range of problems in industries such as geotechnical engineering, waste management, erosion control and renewable energy. Watershed’s branded technologies include ClosureTurf® for permanent closures of municipal, industrial and coal combustion waste landfills / dikes. Advanced HydroTurf ® coating technology for high hydraulic shear protection. Versa Cap® for intermediate landfill odor prevention, emissions control and leachate reduction. For more information, visit watershedgeo.com.

ABOUT WATERSHED SOLAR

Watershed Solar is a renewable energy company offering patented PowerCap ™ solar technology that provides innovative solar energy solutions for landfills, brownfields and rooftops integrated with ClosureTurf®, a patented geosynthetic turf closure system owned by Watershed Geosynthetics. The company is headquartered in Alpharetta, GA and can be found on the web at watershedsolardev.com.

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