Berkshire Hathaway acquired Benjamin Moore & Co. for ~$1 billion, a transaction completed in January 2001, structured as Cash tender offer at $37.82/share followed by a second-step merger; the tender offer expired December 15, 2000 with ~98.7% of shares acquired, and the merger was consummated January 1, 2001..
Benjamin Moore & Co. operates in Manufacturing / consumer products (premium paints and coatings), is based in United States / North America (headquartered in Montvale, New Jersey). Berkshire Hathaway agreed to acquire Benjamin Moore & Co. through a cash tender offer of $37.82 per share, a transaction valued at approximately $1 billion. Founded in 1883 and headquartered in Montvale, New Jersey, Benjamin Moore is a leading manufacturer and retailer of premium paints, stains and industrial coatings distributed across North America. It became a wholly owned Berkshire subsidiary.
Adds a company with an outstanding reputation for quality and industry leadership to the Berkshire group.
Advisory firms were not disclosed for this transaction.