Berkshire Hathaway acquired McLane Company, Inc. (from Wal-Mart Stores, Inc.) for Not disclosed in this filing, a transaction completed in May 2003, structured as all cash. The deal was a Carve-out.
McLane Company, Inc. (from Wal-Mart Stores, Inc.) operates in Distribution / logistics. Berkshire acquired McLane Company from Wal-Mart in May 2003. McLane is a wholesale distribution and logistics provider operating across all 50 states and in Brazil, serving discount retailers, convenience stores, quick-service restaurants, drug stores and other customers.
National-scale distribution platform with entrenched retail relationships.
Berkshire acquired McLane Company, Inc. in May 2003 from Wal-Mart Stores, Inc. McLane provides wholesale distribution and logistics services in all 50 states and internationally in Brazil.Berkshire Hathaway FY2003 10-K, Business description
Advisory firms were not disclosed for this transaction.