Shaw Industries Group announced that it has entered into a definitive agreement to purchase USFloors, which expands and complements Shaw’s position as a leader in the luxury vinyl tile and hard surface markets.

USFloors is a leading innovator and marketer of wood-plastic composite flooring--sold as the Coretec brand--in the LVT category, as well as cork, bamboo and hardwood products. The transaction is expected to close in the fourth quarter, after customary closing conditions and regulatory approvals.

“We are excited to welcome Piet Dossche and the USFloors team to Shaw Industries,” stated Vance Bell, chairman and CEO. “Our companies share similar values and focus on innovation, style and design and sustainability leadership. Combining USFloors, the fastest growing company in the fastest growing segment of the flooring business, with Shaw’s LVT position creates a significant opportunity for the combined companies.”