M&A Deal Summary

Berkshire Hathaway Acquires Albecca

On February 8, 2002, Berkshire Hathaway acquired forest products company Albecca

Acquisition Highlights
  • This is Berkshire Hathaway’s 1st transaction in the Forest Products sector.
  • This is Berkshire Hathaway’s 28th transaction in the United States.
  • This is Berkshire Hathaway’s 3rd transaction in Georgia.

M&A Deal Summary
Date 2002-02-08
Target Albecca
Sector Forest Products
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition

Target

Albecca

Norcross, Georgia, United States
Larson-Juhl has been making custom frames that add artistry to art and warmth to living. Underlying this century-long commitment is a sincere passion for creating the finest custom frames. Larson-Juhl's artisans and designers take tremendous pride in the craftsmanship and quality of each frame, and it's this attention to detail that makes Larson-Juhl custom frames the finest in the world.

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Buyer(S) 1

Buyer

Berkshire Hathaway

Omaha, Nebraska, United States
Category Company
Founded 1998
Sector Diversified
Employees396,500
Revenue 439.3B USD (2023)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Berkshire Hathaway was founded in 1998 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 28 of 69
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 22 of 47
State (Georgia) 3 of 4
Country (United States) 28 of 64
Year (2002) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-21 Shaw Industries Group

Dalton, Georgia, United States

Shaw Industries, Inc. is the manufacturer of tufted broadloom carpet.Shaw sells carpeting and rugs for residential and commercial applications throughout the United States and exports to most markets worldwide.

Buy $355M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-28 Larson-Juhl US

Norcross, Georgia, United States

Larson-Juhl has established itself as the first custom framing company to offer certified products. In addition, we are working on a long range sustainability initiative.Larson-Juhl manufactures and distributes a wide variety of well-designed frame mouldings in styles to coordinate with current and classic design styles

Buy -
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