New York City is one of the largest markets for floor-making and flooring companies.
According to Bloomberg News, the floor-maker is planning to buy the Brooklyn-based flooring company, Shaw, for about $6 billion, or about $3 per square foot.
That would be the largest sale in the company’s history.
The floor-marking and mattress company is currently owned by the family of John and Martha Shaw, who founded Shaw in 1962.
According a Reuters story, the company is already selling its products at retail outlets.
Shaw is now a publicly traded company, with an average market cap of $17.3 million.
The company is headquartered in Brooklyn, New York, and was founded by the Shaw family.
Shaw said that the acquisition would not affect its strategy or the way it delivers products.
Shaw also said that it was “fully focused” on expanding its U.S. presence and adding more manufacturing facilities.
Bloomberg News also reported that the deal is subject to a regulatory review.
Shaw is a floor-printing company that sells to a variety of retail outlets across the U.K. and other countries.
In addition to selling flooring products, the firm makes custom furniture and floor tiles.
It has over 2,000 employees worldwide.
The Shaw family is known for its history of creating high-quality products for its customers.
In 2008, the family founded Shaw Flooring in 1967.
Shaw’s products are used in over 400 offices worldwide.
For more from Bloomberg News: