Home » Berkshire Hathaway Buys Majority of Marmon for $4.5B
Berkshire Hathaway Buys Majority of Marmon for $4.5B
December 27, 2007
Berkshire Hathaway will buy 60% of Marmon Holdings Inc., a private holding company with more than 125 manufacturing and service businesses that operate independently, for $4.5 billion.   ; For a full list of companies in Marmon's portfolio, click here.   ; The sectors are: wire and cable, transportation services and engineered products (including rail), highway technologies, distribution of pipe and tubing, flow products, industrial products (including fasteners, safety products and metal fabrication), construction services, water treatement equipment, and retail services.
Companies are in North America, the United Kingdom, Europe and China, and have collective revenues of $7 billion.   ; Marmon was formed in 1953 when it was acquired as a small ailing manufacturing operation in Ohio by Jay and Robert Pritzker. Frank Ptak is currently CEO of Marmon.   ; Berkshire Hathaway is an investment firm based in Omaha, NE.