Berkshire Hathaway Interactive Timeline

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Berkshire Hathaway

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1889

Hathaway Manufacturing

Incorporated in New Bedford, Massachusetts in 1889

1921

Hargraves Mills

Incorporated in Massachusetts in 1888
Merged with Parker Mills in 1921

1929

Berkshire Cotton Manufacturing

Incorporated in Massachusetts in 1889
Merged to form Berkshire Fine Spinning Associates in 1929

1929

Berkshire Fine Spinning Associates

Formed in 1929 from combination of Berkshire Cotton Manufacturing, Greylock Mills, Valley Falls, Coventry Co., and Fort Dummer Mills
Merged with Hathaway Manufacturing in 1955 to form Berkshire Hathaway, Inc.

1929

Coventry Co.

Incorporated in Rhode Island in 1864
Merged to form Berkshire Fine Spinning Associates in 1929

1929

Greylock Mills

Merged to form Berkshire Fine Spinning Associates in 1929

1930

King Philip Mills

Incorporated in Massachusetts in 1871
Merged with Berkshire Fine Spinning Associates in 1930

1930

Parker Mills

Incorporated in Massachusetts in 1885
Merged with Berkshire Fine Spinning Associates in 1930

1955

Berkshire Hathaway, Inc.

Berkshire Fine Spinning Associates and Hathaway Manufacturing merge to become Berkshire Hathaway, Inc.

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1962

Buffett Partnership, Ltd.

Warren Buffett begins buying shares for his partnership, Buffett Partnership, Limited.

1965

Berkshire Hathaway, Inc.

Warren Buffett gains control of Berkshire Hathaway.

1966

Berkshire Hathaway, Inc.

Berkshire Hathaway declares a $0.10 dividend, payable in 1967. It would be the last the company would pay - and likely will ever pay - under the direction of Warren Buffett.

1967

National Indemnity Company and National Fire and Marine Insurance Company

Acquired by Berkshire Hathaway in 1967 for $8.6 million (See BRK financials)

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1969

Illinois National Bank & Trust Co. of Rockford

Acquired by Berkshire Hathaway in 1969 for approximately $17.7 million (See BRK Financials)

1969

Sun Newspapers

Berkshire acquires Sun Newspapers and its related printing business, both based in Omaha.

1971

Blue Chip Stamps

Berkshire first acquires shares in Blue Chip Stamps, taking an initial stake of 6% of the company

1971

Home & Automobile Insurance Company

Lakeland Fire & Casualty Company

Texas United Insurance

Acquisition of Home & Automobile Insurance Company of Chicago

Berkshire forms Lakeland Fire & Casualty Company in Minnesota, and Texas United Insurance

1972

See's Candies

Blue Chip Stamps acquires See's Candy Shops, Inc.

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1973

Wesco Financial

Blue Chip Stamps owns 54% of Wesco Financial stock at December 31, 1973
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1975

Waumbec Mills

Waumbec Mills of Manchester, New Hampshire acquired for $1.7 million.
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1977

Buffalo News

Buffalo News acquired by Blue Chip Stamps for $35.5 million.
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1978

Diversified Retailing

Diversified Retailing merged into Berkshire Hathaway.
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1980

Illinois National Bank

Illinois National Bank divested via a spin off to Berkshire shareholders.

1983

Nebraska Furniture Mart

Ninety percent of Nebraska Furniture Mart acquired for $60 million.
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1983

Blue Chip Stamps

Blue Chip Stamps merged into Berkshire.

1985

Capital Cities/ABC

Berkshire invests $517.5 million into Capital Cities/ABC.

1985

Berkshire Hathaway, Inc.

Textile operations closed down.

1986

Fechheimer

Fechheimer acquired.
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1986

Scott Fetzer

Scott Fetzer acquired for $410 million.
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1991

H.H. Brown Shoe

H.H. Brown Shoe acquired.
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1992

Lowell Shoe

Lowell Shoe acquired.

1993

Dexter Shoe

Dexter Shoe acquired for $433 million using 25,203 Berkshire shares.
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1996

FlightSafety

FlightSafety acquired for $1.5 billion in Berkshire stock.
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1996

GEICO

Berkshire acquires for $2.3 billion the remaining half of GEICO it didn't already own.
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1998

Dairy Queen

International Dairy Queen acquired for $587.8 million cash/stock.
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1998

Executive Jet Aviation

Berkshire acquires Executive Jet for $700 million in a half cash / half stock transaction.
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1998

General Reinsurance Corporation

Berkshire acquires General Re for $22 billion in stock, issuing 272,000 Class A-equivalent shares.
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2000

Benjamin Moore Paint

Berkshire acquires Benjamin Moore Paint for $1 billion cash.
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2000

MidAmerican Energy Holdings

Berkshire acquires a 76% economic interest in MidAmerican Energy, investing $2 billion.
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2000

Justin Industries

Justin Industries, parent of Justin Boots and Acme Brick, acquired for $570 million (all cash).
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2000

Shaw Industries

Berkshire acquires an 87.3% initial stake in Shaw Industries for approximately $2 billion.
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2000

Other 2000 Acquisitions
Cort Business Services
U.S. Liability
Ben Bridge Jewelers

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2001

Johns Manville

Johns Manville acquired for $1.8 billion.
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2001

MiTek

Berkshire acquires a 90% interest in MiTek for $400 million cash.
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2001

XTRA

XTRA acquired for $578 million cash.
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2002

Fruit of the Loom

Berkshire acquires Fruit of the Loom out of bankruptcy for $835 million.
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2002

Larson-Juhl

Berkshire acquires Albecca, Inc., parent of custom frame maker, Larson-Juhl.
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2002

Other 2002 Acquisitions
CTB
Garan
Northern Natural
Kern River

Berkshire acquires CTB and Garan, parent of children's apparel company, Garanimals.
MidAmerican acquires Northern Natural Gas and Kern River.

2003

Clayton Homes

Berkshire acquires Clayton Homes for $1.7 billion.
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2003

McLane

Berkshire acquires McLane from Walmart for $1.5 billion.
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2005

Forest River

Recreational vehicle manufacturer Forest River acquired.
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2005

Medical Protective Company

Berkshire acquires Medical Protective Company from a subsidiary of General Electric, paying $825 million in cash.
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2006

Business Wire
Russell Corporation

  • Berkshire acquires Business Wire.
  • Russell Corp. acquired by Fruit of the Loom for $1.2 billion.
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    2006

    IMC

    Berkshire pays $4 billion for an 80% stake in Israel-based ISCAR Metalworking Companies.
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    2007

    TTI
    VF Corp.

  • Berkshire acquires TTI, Inc., a distributor of electronic components.
  • VF Corp., the intimate apparel business of Vanity Fair Brands, acquired by Fruit of the Loom.
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    2008

    Marmon Holdings, Inc.

    Berkshire acquires 60% of Marmon, a conglomerate in its own right with 130 independently-operated businesses across 11 sectors.
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    2009

    Cologne Re

    Gen Re acquires the remaining portion of Kölnische Rückversicherungs-Gesellschaft AG, otherwise known as Cologne Re, it didn't already own.

    2010

    BNSF

    Berkshire acquires Burlington Northern Santa Fe railroad, paying $44 billion in cash and Berkshire stock.
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    2011

    Lubrizol
    Omaha World Herald

  • Lubrizol acquired for $9.7 billion.
  • Berkshire acquires the Omaha World Herald.
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    2013

    H.J. Heinz

    Berkshire, in partnership with 3G Capital, acquires Heinz. Berkshire pays $4.25 billion for its 50% ownership and also invests $8 billion in preferred stock.
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    2013

    NV Energy, Inc.

    MidAmerican acquires NV Energy, a Nevada-based energy holding company, paying $5.6 billion.
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    2015

    Van Tuyl Group

    Berkshire completes its acquisition of the automotive group, Van Tuyl Group, which re-brands as Berkshire Hathaway Automotive.
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    2016

    Duracell

    Berkshire acquires Duracell from Proctor & Gamble via an exchange of long-held shares in P&G.
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    2016

    Precision Castparts Corp.

    Berkshire acquires Precision Castparts for $37.2 billion.
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    2017

    Pilot Flying J

    Berkshire acquires a 38.6% ownership interest in Pilot Flying J, and agrees to bring its ownership to 80% in 2023.
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    2019

    Share Repurchases

    Berkshire repurchases $5 billion of its own shares.

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