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SHAW INDUSTRIES SIGNS A LETTER OF INTENT TO PURCHASE AMOCO FABRICS AND FIBERS MANUFACTURING FACILITY

 SHAW INDUSTRIES SIGNS A LETTER OF INTENT TO PURCHASE
 AMOCO FABRICS AND FIBERS MANUFACTURING FACILITY
 DALTON, Ga., July 2 /PRNewswire/ -- Shaw Industries, Inc. (NYSE: SHX) today announced that it had signed a letter of intent for the purchase of Amoco Fabrics and Fibers Company's polypropylene fiber manufacturing facility located in Andalusia, Ala.; and, certain other assets related to the business. No sales price has been disclosed. The transaction is subject to approval by the board of directors of both companies, negotiation of a definitive agreement and the necessary government filings.
 Robert E. Shaw, president and chief executive officer of Shaw Industries, commented that this acquisition is expected to benefit both companies.
 Shaw Industries, Inc., with corporate offices in Dalton, Ga., manufactures and sells carpeting to retailers and distributors throughout the United States and exports to several overseas markets.
 -0- 7/2/92
 /CONTACT: Robert E. Shaw of Shaw Industries, 404-278-3812/
 (SHX) CO: Shaw Industries, Inc.; Amoco Fabrics and Fibers Company ST: Georgia, Alabama IN: TEX SU: TNM


LR-SM -- NY070 -- 6351 07/02/92 17:02 EDT
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Publication:PR Newswire
Date:Jul 2, 1992
Words:176
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