Add-on Acquisition • Apparel/Textiles

Berkshire Hathaway Acquires H.H. Brown Shoe Company

On January 7, 1991, Berkshire Hathaway acquired apparel/textiles company H.H. Brown Shoe Company

Acquisition Context
  • This is Berkshire Hathaway’s 2nd transaction in the Apparel/Textiles sector.
  • This is Berkshire Hathaway’s 9th transaction in the United States.
  • This is Berkshire Hathaway’s 1st transaction in Connecticut.

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M&A Deal Summary

Date January 7, 1991
Target H.H. Brown Shoe Company
Sector Apparel/Textiles
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition

Target Company

H.H. Brown Shoe Company

Greenwich, Connecticut, United States
H.H. Brown manufactures and distributes casual, work, and dress shoes and boots under more than a dozen brands, including Bøc, Børn, Carolina, Corcoran, Dexter, Double-H, Kork-Ease, Matterhorn, Nurse Mates, Söfft, and Softspots.
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Buyer Overview 1

Buyer

Berkshire Hathaway

Omaha, Nebraska, United States

Category Company
Founded 1839
Sector Diversified
Employees392,400
Revenue 424.2B USD (2024)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway is a diversified holding company. Its subsidiaries engage in a wide range of business activities including insurance, utilities, renewable energy, freight rail transportation, finance, manufacturing, retailing, and business services. Berkshire Hathaway was founded in 1839 and is based in Omaha, Nebraska.


Deal Context for Buyer #
Overall 9 of 70
Sector: Apparel/Textiles 2 of 8
Type: Add-on Acquisition 7 of 47
State: Connecticut 1 of 4
Country: United States 9 of 65
Year: 1991 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1989-01-01 Borsheim s Fine Jewelry.

Omaha, Nebraska, United States

Borsheim's Fine Jewelry operates business for over 100 years, Borsheims offers Jewelry in local community and national jewelry industry.Borsheims has long worked to ensure the integrity of the jewelry industry world-wide. By working with suppliers, governments, regulating bodies and other retailers, Borsheims has helped to bring strength and honesty to the diamond and gemstone industry.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-03-11 Helzberg Diamond Shops

North Kansas City, Missouri, United States

Helzberg Diamonds was founded over 90 years ago, and since day one we've dedicated ourselves to delighting our customers with superior service and high-quality jewelry. That's because we understand how special it is to buy fine jewelry - and we want you to treasure the experience for years to come.

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