Shaw Industries Group, Inc. of Berkshire Hathaway has announced plans to expand its hardwood floor manufacturing facility in South Pittsburg, Tenn.
Shaw plans to invest at least $40 million and hire over 25 new associates in response to growing demand for its Epic engineered flooring product, adding more than 60% capacity to its existing facility. Construction will begin later this year.
Johns Manville (JM), a Berkshire Hathaway company and global building products manufacturer, has announced that Todd Raba, Johns Manville chairman, president and CEO, will relinquish his position with the company, effective immediately.Mary Rhinehart will become the new president and CEO of Johns Manville.
Denis Abrams, CEO of paint maker Benjamin Moore, was fired from his job over a dinner cruise to Bermuda that was charged to the company’s tab, according to an article in the New York Post. A group of officials from parent company Berkshire Hathaway, owned by billionaire Warren Buffet, showed up at the paint company’s Montvale, N.J., office two weeks ago and escorted Abrams from the building, the Post reported.