Paul McGowan, Executive Chairman of Kraus and CEO of Hilco Capital, announced the appointment of a new CEO for the Kraus Group of Companies. Shawn Davies, who currently serves as President and General Manager of Kraus Canada and Kraus USA, will assume the CEO position immediately.
Founded in 1958, Kraus Group is one of the largest manufacturers and distributors of flooring products in North America. It is headquartered in Waterloo, Ontario.
“As the new CEO of the Kraus Group, Shawn will further accelerate the growth of our business using his deep knowledge of operations, his sales leadership and his experience of both the Canadian and US markets,” said McGowan. “We are especially pleased that the position was filled internally with a strong leader and that our Kraus Executive Management Team were key in driving the selection process."
Shawn Davies joined Kraus in 2013 after a distinguished career in the food industry.
The Kraus Group of Companies is made up of Strudex, a yarn manufacturer, Kraus Carpets, a carpet manufacturer, Kraus Canada and Kraus USA which are the sales and distribution arms of the company. In 2012, Re:Capital, the Canadian arm of Hilco Capital, acquired the Kraus Group of Companies which have all shown strong growth in sales and profitability in each of the subsequent years.