Berkshire Hathaway

In 1929, the Valley Falls Company merged with the Berkshire Cotton Manufacturing Company established in 1889, in Adams, Massachusetts. … In 1962, Warren Buffett began buying stock in Berkshire Hathaway after noticing a pattern in the price direction of its stock whenever the company closed a mill. Berkshire Hathaway traces its history back to two Massachusetts textile firms: Hathaway Manufacturing Company (incorporated 1888) and Berkshire Cotton Manufacturing Company (incorporated 1889). Berkshire Cotton became Berkshire Fine Spinning Associates in 1929 and merged with Hathaway to form Berkshire Hathaway, Inc., in 1955. An investment group led by Buffett took full control of the company in 1965. Berkshire Hathaway liquidated its textile operations in 1985, by which time it was well-established as a holding company for Buffett’s other investments and corporate acquisitions.