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SHAW INDUSTRIES ENTERS AGREEMENT TO ACQUIRE ABINGDON CARPETS

 DALTON, Ga., July 23 /PRNewswire/ -- Shaw Industries, Inc. (NYSE: SHX) today announced that it has entered into an agreement to acquire Abingdon Carpets of Gwent, England. No terms have been disclosed. The transaction is subject to approval by the boards of directors of both companies, negotiation of additional agreements and any necessary government filings.
 Robert E. Shaw, president and chief executive officer of Shaw Industries, commented that the acquisition of Abingdon, which markets its products in the United Kingdom under the Abingdon brand name, is another step forward in the company's expansion into the European markets.
 Shaw Industries, Inc., with corporate offices in Dalton, manufactures and sells carpeting to retailers and distributors throughout the United States, the United Kingdom and exports to several foreign markets.
 -0- 7/23/93
 /CONTACT: Robert E. Shaw of Shaw Industries, Inc., 706-278-3812/
 (SHX)


CO: Shaw Industries, Inc. ST: Georgia IN: TEX SU: TNM

TS-MP -- NY075 -- 5250 07/23/93 15:16 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
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