Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) subsidiary McLane Company has agreed to acquire Kahn Ventures, Inc., parent company of Empire Distributors, Inc and Empire Distributors of North Carolina, Inc. Kahn Ventures, Inc. and its subsidiaries are wholesale distributors of distilled spirits, wine and beer in the state of Georgia and North Carolina.
Empire will continue operate out of its existing facilities under its current executive management team.
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\”We are excited about the opportunity to have Empire become part of our portfolio of outstanding businesses. We expect that the Empire acquisition will provide us with a solid platform for potentially acquiring other similar high quality wholesale distributors,\” said Berkshire CEO Warren Buffett.
McLane is a $32 billion supply chain services company, providing grocery and food service supply chain solutions for thousand of c-stores, mass merchants, drug stores and military locations, as well as thousands of chain restaurants, with 38 distribution centers throughout the United States.