Berkshire Hathaway company Benjamin Moore adding $17.8 million paint factory expansion in upstate New York - Albany Business Review bizjournals.com - Robin K. Cooper. Benjamin Moore & Co., also known as Benjamin Moore Paints or simply Benjamin Moore, is an American company that produces paint. To that end, Benjamin Moore & Co. has acquired its United Kingdom distribution partner, Shaw Paints Ltd. Namesake Benjamin Moore started the paint purveyor in 1883. The Montvale, N.J.-based unit of Berkshire Hathaway said it also would sell more of its own Benjamin Moore-branded paints in more Ace stores. Berkshire Hathaway’s Benjamin Moore to Become Main Paint Supplier for Ace Hardware Deal is a setback for Sherwin-Williams, which will continue to sell some products at Ace With over a century at the forefront of product innovation and color leadership, our reputation in the industry is unparalleled. Find the perfect paint colors and products for your project If you’re ready for a new beginning, partner with Benjamin Moore today. BNSF Railway, founded in 1849, operates approximately 32,500 miles of track in 28 US states and three Canadian provinces. Updated: 02/21/2014. $75,000, CEO Name Headquartered in Montvale, New Jersey, Benjamin Moore's products are distributed throughout North America through a network of authorized dealers. The Moore brothers built the company based on their vision and commitment to ”intelligent industry in the spirit of integrity.” Product innovation, color technology and design leadership define who we are today. Montvale, New Jersey and Omaha, Nebraska, November 8, 2000 - Benjamin Moore & Co. (OTCBB: MBEN.OB) and Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) announced today that they have approved and entered into a definitive Merger Agreement which calls for a cash tender offer of $37.82 per share to holders of Benjamin Moore common stock by a wholly-owned subsidiary of Berkshire Hathaway. Benjamin Moore shareholders are advised to read the tender offer statement regarding the acquisition of Benjamin Moore referenced in this news release, which will be filed by Berkshire Hathaway and B Acquisition with the SEC, and the related solicitation/recommendation statement which will be filed by Benjamin Moore with the SEC. Benjamin Moore, a Berkshire Hathaway company that’s known as one of the top paint suppliers in the nation, axed its entire legal department back in November. Factors that could cause or contribute to such differences could include, but are not limited to, general business conditions, strength of retail economy and growth in the coatings industry, unusual weather conditions and competition in the coatings business, as well as other risks detailed herein and in Benjamin Moore reports filed with the Securities and Exchange Commission ("SEC"). And for more than 130 years we’ve been a respected leader in the architectural coatings and home décor landscape; creating the products and tools that enrich and beautify … 101 Paragon Drive Montvale, NJ 07645. The tender offer will commence no later than November 17, 2000 and will be for all of Benjamin Moore's outstanding common stock. That is why we provide an extensive support system to ensure your success including promotional programs, marketing and advertising materials, training and so much more. The tender offer statement (including an offer to purchase, letter of transmittal and related tender offer documents) and the solicitation/recommendation statement will contain important information which should be read carefully before any decision is made with respect to this offer. $275,000, Liquid Capital Dan Calkins, Existing Units Richard Roob, Chairman of Benjamin Moore and Yvan Dupuy, President and Chief Executive Officer of Benjamin Moore joined in stating that "This opportunity offers the dual benefit of providing fair value for our shareholders and continuity of the company as a distinct entity. Our ideal candidates will have: In return, you’re partnering with a company that believes your success is ours and that it’s our job to provide the support you need. In 2000 Berkshire acquired Benjamin Moore for $1B At that time Sherwin Williams market cap was $3.3B Today Sherwin William's market cap has grown to $53B (~16x) Using the same multiple (assuming similar growth), is Benjamin Moore worth around $16B?--In 2009, Berkshire acquired BNSF for $44B At that time CSX market cap was $18B Today the market cap is $61.5B (~3.4x) Using the same multiple … While we’ve been thoroughly documenting all the ways law firms have navigated the … Benjamin Moore, a leading manufacturer and retailer of premium paints, stains and industrial coatings, was founded in 1883. The company operates five manufacturing plants and 18 distribution centers across North America. Businesses, Retail, general business or related industry experience, A residence near an available market or a willingness to relocate. Benjamin Moore is headquartered in Montvale, New Jersey, and is owned by Berkshire Hathaway. When you join our network of more than 5,500 independently-owned stores, you become part of a community of passionate entrepreneurs who are excited about the future. Our story began with a vision—just like yours.Founded in 1883 by Benjamin Moore and his brother in Brooklyn, N.Y., Benjamin Moore & Co. is one of North America’s leading manufacturers and dealers of premium quality paints. Berkshire's Benjamin Moore Acquires UK-Based Shaw Paints Something that Warren Buffett is always fond of are bolt-on acquisitions that bolster Berkshire Hathaway’s existing companies. A Member of Berkshire Hathaway With our acquisition in 2000 by Berkshire Hathaway, Benjamin Moore joined a family of companies under the direction of Warren Buffett, which embodies success and is distinguished by sustainable brands that shine through the clutter of competition. Benjamin Moore said that it will start producing Ace Hardware's house paint brand, Clark+Kensington, later this year. Upon successful consummation of the transaction, Benjamin Moore will become a wholly owned subsidiary of Berkshire Hathaway and will continue to be headquartered in Montvale. Benjamin Moore & Co. is an American premium paint manufacturer founded in 1883 with just $2,000 in capital by Benjamin and Robert Moore, two brothers from Brooklyn. Benjamin Moore To Be Acquired by Berkshire Hathaway These documents will be made available to all shareholders of Benjamin Moore at no expense to them. The Franchise Request List allows you to request information from several franchises with a click of a button! One of North America's leading manufacturers of premium quality residential, commercial and industrial maintenance coatings, Benjamin Moore maintains a relentless commitment to sustainable manufacturing practices and continues to develop the most eco-responsible formulations possible. Why Partner with Benjamin Moore? Fields marked with an * are required. Available, CEO Name Overview Since 1883, Benjamin Moore has distributed its products through a network of friendly and professional independently owned and operated dealer retailers. Benjamin Moore is proud to be a part of Berkshire Hathaway, which was recognized by Fortune magazine as the world's third most admired company. Benjamin Moore Flanders, NJ. The actual outcome could differ materially from that contemplated by such statements. We understand that running your own business is a source of pride. In addition, shareholders who own approximately 18% of Benjamin Moore's common stock agreed to tender their shares into the tender offer. J.P. Morgan & Co. delivered a fairness opinion to the Board of Directors of Benjamin Moore. Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883. The most important of these is the property and casualty insurance business conducted on both a direct and reinsurance basis through a number of subsidiaries. Your information is safe. Who We Are. Benjamin Moore shareholders are advised to read the tender offer statement regarding the acquisition of Benjamin Moore referenced in this news release, which will be filed by Berkshire Hathaway and B Acquisition with the SEC, and the related solicitation/recommendation statement which will be filed by Benjamin Moore with the SEC. These documents also will be available at no charge at the SEC's web site, www.sec.gov. Dan Calkins. There's no way the company can paint over these separations. A Berkshire Hathaway Company. Share this article: Share this: Facebook; Twitter; Flipboard; WhatsApp; Email; Copy; Read Next. How would you rate your overall … 1. Today, it is a subsidiary of Warren Buffett's Berkshire Hathaway. Founded in 1883 by Benjamin Moore and his brother in Brooklyn, NY, Benjamin Moore & Co. is one of North America’s leading manufacturers and dealers of premium quality paints. Fueled by demand from … Select up to 20 franchises that you want to learn more about! Update Now. All those, past and present, who have played a part in building this company can feel proud that Warren Buffett and Berkshire Hathaway want to be associated with the name Benjamin Moore. Overall rating. As a result of the merger, Benjamin Moore is now a wholly owned subsidiary of Berkshire Hathaway. Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883. Learn More. Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883. Get Free Information about this great opportunity! We’re painting the way for entrepreneurs just like you. 65 Benjamin Moore Berkshire Hathaway jobs available on Indeed.com. Our integrity, passion for excellence and respect for community remain the foundations for our business success. By clicking the button, you agree to BizBuySell’s, Benjamin Moore, A Berkshire Hathaway Company Dealer, Established The value of the transaction is approximately one billion dollars. 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