Shaw Industries Acquires Tricycle, Inc.

Thursday, October 12, 2017

Shaw Industries Group, Inc. (Shaw) announced on Thursday that it has completed the purchase of Tricycle, Inc., a technology innovator supporting the commercial interiors business.

The acquisition will enable Shaw’s commercial business to lead the industry in carpet sampling simulation and digital tools. Tricycle produces digital carpet samples for major floor covering manufacturers. Founded in 2002 in Chattanooga, the company helps commercial interiors manufacturers, interior designers and architects work more efficiently and produce less sample waste.

Tricycle’s award winning technology leads the industry in simulated carpet sampling, innovative digital tools, and the expertise to automate the manufacturing process. “Technology will continue to enable innovation in the flooring industry, and Shaw is committed to leading the way,” said Vance Bell, Shaw chairman and CEO. “This acquisition is just the beginning of what will be our company’s long-term investment in Tricycle’s people and technology.”

Tricycle will operate as a wholly owned subsidiary and operate independently, serving the commercial flooring industry. The team of 18 highly-talented associates will continue to be led by CEO Aern Hetem, from its headquarters in Chattanooga. Tricycle will continue to build on its innovation leadership as recognized with a range of honors from the first-ever Gold IDEA award in Eco-Design from Business Week magazine and the Industrial Designers Society of America to a Green Apple award for environmental best practices in Great Britain's Parliament.

“We are very excited to join Shaw, a company known for award-winning design, quality, service, innovation, and sustainability,” said Mr. Hetem. “These qualities align well with the Tricycle core values of innovation, quality, responsiveness, problem solving, and sustainability.”



Gas Prices Drop 0.6 Cents In Chattanooga

Gasoline prices in Chattanooga have risen 0.6 cents per gallon in the past week, averaging $2.47 per gallon on Monday, according to GasBuddy's daily survey of 170 stations in Chattanooga. This compares with the national average that has fallen 0.8 cents per gallon versus last week to $2.83 per gallon, according to GasBuddy. Average gasoline prices on Sept. 24 in Chattanooga ... (click for more)

TN Rand Employees Complete Customized Training

Chattanooga State’s Division of Economic and Workforce Development responded to the request of TN Rand for an employee leadership-training program. Chattanooga State, along with TN Rand, developed a customized training solution that covered topics of Communication; Building Effective Teams; Coaching; Delegation; Morale Motivation and Discipline; Decision Making; Problem Solving; ... (click for more)

County Schools Delay Start 1 Hour Due To Flooding; Numerous Roads Flooded Or Experiencing Standing Water

Hamilton County Schools delayed the start of school one hour on Wednesday due to heavy rains overnight that flooded some roads in the area.  Public safety officials are reporting several trees across roads which may cause some buses to be rerouted.  The one extra hour will provide daylight to make the trip to school safer for buses and young student drivers, officials ... (click for more)

Judge Denies New Trial For Unjolee Moore In 2010 Murder

Criminal Court Judge Don Poole has denied a new trial for a man convicted of a 2010 murder. Unjolee Moore, at a recent hearing, claimed that he made a confession after being beaten by a detective and held for over 13 hours while handcuffed behind his back. He a lso said he had ineffective assistance of counsel. His current lawyer, Daniel Murphy, said he was able to obtain ... (click for more)

Sell TVA To Private Energy Company

The Tennessee Valley Authority is an energy business model that needs to be highly competitive for future sustainability.  The federal government holding onto ownership of this energy company is keeping this energy entity from evolving into the viable and highly competitive private energy business it needs to be.  It is in the people’s interest for a TVA energy sale ... (click for more)

Roy Exum: UT’s Genius Stroke

If all goes as (very carefully) planned, the most dynamic president to be hired at the University of Tennessee since the legendary Andy Holt retired in 1970, will be ushered into office today by the university’s board of trustees. The selection of Randy Boyd to take over his ala mater is a genius stroke and certainly seems to solidify two of life’s greatest truths. The first ... (click for more)