The Manufacturing Subsidiary Companies of Berkshire Hathaway – Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in numerous diverse business activities. Historically, this company was founded by Oliver Chace in 1839 on Cumberland, Rhode Island, U.S.A In the beginning of its business, this company engaged in the field of textile manufacturing company, but they suffered a general decline in their business.
Warren Buffet later takes over this company and make this company as holding company which has numerous businesses in different sectors. With the help of Charlie Munger as Vice Chairman of Berkshire, Warren Buffet developed the Berkshire Hathaway as giant companies. Basically, until now, this company has miscellaneous companies from diverse sectors including insurance, rail transportation business, utility, energy generation and distribution businesses. Nowadays, Berkshires Hathaway is one of the biggest companies in the World with total assets around 958 billion US Dollars with Liabilities around 443 billion US Dollars as of 2021. Based on the business performance in Annual Report on 2021, Berkshire Hathaway can generate revenue around 276 billion US Dollars with net income around 90 billion US Dollars.
From all over the diverse business, Berkshire Hathaway has some manufacturing companies. Maybe some of us in the USA knows this companies. All of this company was owned by Berkshire Hathaway. Here are some of the The Manufacturing Subsidiary Companies of Berkshire Hathaway.
Brief Descriptions of The Manufacturing Subsidiary Companies of Berkshire Hathaway
Acme Brick builds products with specialized in brickmaking for homeowners, builders, contractors, institutions, and businesses. Historically, this company was founded by George E. Bennett in 1891. Warren Buffet acquired this company in 2000 from the Justin Industries with cost for nearly $600 million. In 2021, statistically, Acme Brick has 15 Plants with 56 Sales offices and 2000 Associates. Based on its production, Acme Brick could produce 900 million Brick Per Year.
Benjamin Moore & Co also known as Benjamin Moore is the American manufacturer of premium paints, stains, and other architectural coatings company. Historically, Benjamin Moore founded this company at Brooklyn, New York in 1883 and Berkshire had bought this company about $1 billion in 2000. Based on its products, this company has some diverse brands, namely AURA®, Regal®, ben®, Fresh Start®, Ultra Spec®, SCUFF-X®, COMMAND®, Corotech®, Insl-X®, Coronado®, Notable® Dry Erase Paint, ARBORCOAT®, and Lenmar®. Operationally, this company has main office in Montvale, New Jersey, U.S.
Brooks Sports, Inc., is An American-based Sport Equipment company that has main office in Seattle, Washington, USA. Historically, the journey of this company started in with John Brooks Goldenberg started with small factory in Philadelphia. Some of its products includes sports apparel products (Shoes, outwears, accessories). The subsidiary company of Berkshire Hathaway i.e.Fruit of the Loom, bought the Russel athletics (the parent company of Brooks) in 2006. In that year, Brooks automatically became the subsidiary company of Berkshire Hathaway.
Clayton Homes is American Manufactured housing and modular homes that has main office in Tennessee, United States. Historically, this company was founded by Jim Clayton in 1956. In 2003, Berkshire Hathaway bought Clayton Homes with cost around $1.7 billion.
CTB International is American companies that manufacture and supply systems and solutions primarily for the grain, poultry, pig and egg sectors of the agricultural supply chain. Historically, this company was founded in 1952 and as of 2021, this company has 3 thousand employees with 46 manufacturing & warehouse facilities. Operationally, this company has main office in Milford, Indiana. In 2002, Berkshire Hathaway bought this this company with investment cost around $180 million.
Duracell is American batteries company with diverse products including Alkaline Batteries, Coin/button batteries, specialty batteries rechargeable and chargers, hearing aid batteries, and power banks. Historically, this company was founded in the early 1940s by Samuel Ruben and Philip Rogers Mallory. In 2014, Berkshire Hathaway completed the acquisition of the Duracell from Procter& Gamble with $4.7 billion shares.
Fechheimer Brother Company is American Clothing companies that was founded by Solomon “Samuel” Fachheimer, a German immigrant with started opening small dry goods in Cincinati in 1842. in 1986, Berkshire Hathaway acquired this company
Forest River Inc. is an American manufacturer of recreational vehicles, cargo trailers, utility trailers, pontoon boats, and buses Historically, this company was founded by Peter Liegl in 1996. Operationally, Forest River runs facilities throughout the United States producing recreational vehicles, cargo trailers, commercial vehicles, buses, pontoon boats and mobile restroom trailers. In 2005, Berkshire Hathaway acquired Forest River but don’t know the cost to buy this company.
9.Fruit of the Loom
Fruit of the Loom is the clothing company that was born in 1851 when two brothers, Benjamin and Robert Knight bought the first mill and started producing cotton cloth and textiles in Warwick, Rhode Island. In 2002, Berkshire Hathaway acquired this company with cost around $835 Million. Nowadays, this company still has main office in Bowling Green, Kentucky, United States.
Garanimals is children’s (Baby Girls, Baby Boys, Toddler Girls, Toddler Boys) clothing company that was founded by Seymour Lichtenstein in 1972. In 2002, the Berkshire Hathaway acquired this company.
11.H. H. Brown Shoe Group
Double-H Boots is Footwear company was founded at Richland, Pennsylvania in 1955. Basically, some of its products are Cowboy boots and Work footwear. Berkshire Hathaway acquired this company with $ 273 million deal in 2002.
12.IMC International Metalworking Companies
IMC Companies is Metalworking Companies and one of the World’s Leading Producers of Metal Removal Technology and Tools. Basically, this company provides a wide range of carbide inserts, carbide endmills, and cutting tools covering most metal cutting applications, in addition to providing engineering and manufacturing solutions to major industries throughout the world. Historically, in 1952, Stef Wertheimer founded this company and official in 2016, Berkshire Hathaway acquired this company. Operationally, this company still has main office in Tefen, Israel.
Johns Manville is American-based company that hat manufactures insulation, roofing materials and engineered products. Historically, Henry Ward Johns found this company in 1858 and Berkshire Hathaway bought the company in 2001 for about $1.96 billion. Along with business development, the company employs 8,000 people and operates 46 manufacturing facilities in North America and Europe.
Larson-Juhl is American manufacturing and distribution company with custom picture frames products. Historically, this company was in the late 1800’s. Basically, this company provides Mouldings, Matboards, Artique, Bainbridge, Crescent, Glass & Foamboards, and Equipment & Supplies. Operationally, this company still has main office in Norcross, Georgia, United States. On February 28, 2002, Berkshire Hathaway bought this company.
15.LiquidPower Specialty Products, Inc
LiquidPower Specialty Products Inc. is one of the global leaders in the science and application of drag reductions. Along with business development, this company has customers in over 40 countries on six continents and treating over 50 million barrels of hydrocarbon liquids per day. In 2013, Berkshire Hathaway bought this company from Phillips 66 with $1.4 billion of stock.
Lubrizol is additives and advanced materials company that has main office n Lakeland Boulevard Wickliffe, Ohio. Founded in 1928, Lubrizol owns and operates more than 100 manufacturing facilities, sales and technical offices around the world and has approximately 8,800 employees. In 2011, Berkshire Hathaway bought Lubrizol for $9 Billion in Cash.
Marmon Holdings, Inc., part of Berkshire Hathaway Inc., is a global industrial organization with more than 100 autonomous manufacturing and service businesses, organized within 11 groups $10 billion in annual revenue, more than 400 facilities, and 20 thousand of employees. Historically, in 2008, Berkshire acquired a roughly 64% stake in Marmon from the Pritzker family for $4.5 billion.
MiTek® is a global company focused on providing integrated software, services, engineered products and automated solutions for the building industry worldwide. In 2001, Berkshire Hathaway bought Mitek with cost around $420 million. Nowadays, this company has main office on Fountain Lakes Industrial Drive, St. Charles, Missouri, USA.
Precision Castparts Corp. is an American industrial goods and metal fabrication. Basically, this company manufactures investment castings, forged components, and airfoil castings for use in the aerospace, industrial gas turbine, and defense industries. Historically, this company was founded by Joseph Buford Cox on April 1, 1953 and still has main office in Portland, Oregon, United States. Financially, in 2016, Berkshire Hathaway Inc spent $32.1 billion to acquire this company.
Richline Group is a precious metals and materials manufacturer with main office in New York. Based on business, The Richline Group is comprised of four strategic business units: LeachGarner Inc., Richline Brands, Rio Grande and Inverness Corporation.in 2007, The Berkshire Hathaway bought Richline Group for an undisclosed amount.
21.Scott Fetzer Companies
Scott Fetzer Company is an American diversified manufacturer and marketer of products for the home, family, and industry. Historically, George H. Scott and Carl S. Fetzer found this company in 1914. In 1986, Berkshire Hathaway acquired this company.
Shaw Industries Group, Inc. is carpet manufacturers that has main office in Dalton, Georgia, United States and has more than 20,000 associates worldwide. Along with business development, Shaw Industries also has some offices located throughout the U.S. as well as Australia, Belgium, Brazil, Canada, Chile, China, France, India, Mexico, Singapore, United Arab Emirates and the United Kingdom. On January 4, 2001, Berkshires Hathaway bought this company with cost around $2.1 billion.
Bibliography of The Manufacturing Subsidiary Companies of Berkshire Hathaway
Benjamin Moore. 2022. Accessed via https://www.benjaminmoore.com/en-US on May 22nd, 2023.
Brooks Sports. 2022. Accessed via https://www.brooksrunning.com/en_us on May 22nd, 2023.
Clayton Homes. 2022. Accessed via https://www.claytonhomes.com/ on May 22nd, 2023.
CTB. 2022. Accessed via https://www.ctbinc.com/ on May 22nd, 2023.
Duracell. 2022. Accessed via https://www.duracell.com/en-us/ on May 22nd, 2023.
Fechheimer. 2022. Accessed via https://www.fechheimer.com/ on May 22nd, 2023.
Forest River. 2022. Accessed via https://www.forestriverinc.com/ on May 22nd, 2023.
Fruit of the Loom. 2022. Accessed via https://www.fruit.com/ on May 22nd, 2023.
Garanimals. 2022. Accessed via https://www.garanimals.com/ on May 22nd, 2023.
H. H. Brown Shoe Group. 2022. Accessed via https://www.hhbrown.com/ on May 22nd, 2023.
IMC International Metalworking Companies. 2022. Accessed via https://www.imc-companies.com/ on May 22nd, 2023.
Johns Manville. 2022. Accessed via https://www.jm.com/ on May 22nd, 2023.
Larson-Juhl. 2022. Accessed via https://www.larsonjuhl.com/en-US/ on on May 22nd, 2023.
LiquidPower Specialty Products, Inc. 2022. Accessed via https://www.liquidpower.com/ on May 22nd, 2023.
Lubrizol. 2022. Accessed via https://www.lubrizol.com/ on May 22nd, 2023.
Marmon. 2022. Accessed via https://www.marmon.com/ on May 22nd, 2023. MiTek Inc. 2022. Accessed via https://www.mitek-us.com/ on May 22nd, 2023.
Precision Castparts. 2022. Accessed via https://www.precast.com/ on May 22nd, 2023.
Richline Group. 2022. Accessed via https://www.richlinegroup.com/ on May 22nd, 2023.