M&A Deal Summary

Berkshire Hathaway Acquires McLane Company

On May 2, 2003, Berkshire Hathaway acquired transportation company McLane Company from Walmart for 1.5B USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 2nd transaction in the Transportation sector.
  • This is Berkshire Hathaway’s 18th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 34th transaction in the United States.
  • This is Berkshire Hathaway’s 3rd transaction in Texas.

M&A Deal Summary

Date 2003-05-02
Target McLane Company
Sector Transportation
Buyer(s) Berkshire Hathaway
Sellers(s) Walmart
Deal Type Divestiture
Deal Value 1.5B USD

Target

McLane Company

Temple, Texas, United States
McLane Company, Inc., is a supply chain services, providing grocery and foodservice supply chain solutions for convenience stores, mass merchants, drug stores and chain restaurants throughout the United States.

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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 34 of 69
Sector (Transportation) 2 of 4
Type (Divestiture) 2 of 9
State (Texas) 3 of 6
Country (United States) 34 of 64
Year (2003) 1 of 2
Size (of disclosed) 18 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-31 CTB

Milford, Indiana, United States

CTB, Inc. is a designer, manufacturer and marketer of equipment and systems for the poultry, hog, egg production and grain industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-07 Clayton Homes

Maryville, Tennessee, United States

Clayton Homes, Inc. provides manufactured and modular homes, apartments, commercial buildings, military barracks, and college dormitories to people all across the US. Clayton Homes was formed in 1934 and is based in Maryville, Tennessee.

Buy $1.7B

Seller(S) 1

SELLER

Walmart

Bentonville, Arkansas, United States

Category Company
Founded 1945
Sector Retail
Employees2,100,000
Revenue 611.3B USD (2023)
DESCRIPTION
Entrance to Walmart's corporate campus in Bentonville, Arkansas.
Entrance to Walmart's corporate campus in Bentonville, Arkansas.

Walmart is a discount retailer with operations across the globe. Walmart operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM?S CLUBS in the US. Internationally, the company operates in Puerto Rico, Canada, China, Mexico, Germany, United Kingdom, Argentina, and South Korea. Walmart was formed in 1945 and is based in Bentonville, Arkansas.


DEAL STATS #
Overall 1 of 10
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 9
State (Texas) 1 of 1
Country (United States) 1 of 7
Year (2003) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-10 Seiyu

Tokyo, Japan

Seiyu is an operator of supermarkets, shopping centers, and department stores. Seiyu offers customers a broad assortment including fresh food, general merchandise, and apparel products across Japan from Hokkaido to Kyusyu. Seiyu was founded in 1963 and is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 Bompreco S.A.

Recife, Brazil

Bompreco is a supermarket and hypermarket chain in Brazil’s Northeast region. In nine states across the Northeast region of Brazil, Bompreco operates a number of different formats including Hiper Bompreco hypermarkets ranging in size between 4,000 and 12,500 square meters, and offering 45,000 lines including clothing and electronics. Bompreco supermarkets have a sales area of up to 3,200 square meters, offering around 10,000 lines. Bompreco also operates mini-markets and Balaio discount stores, as well as a small number of ’Hiper Magazine’ stores.

Buy $300M