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M&A Deal Summary

Berkshire Hathaway Acquires Richline Group

On May 18, 2007, Berkshire Hathaway acquired apparel/textiles company Richline Group

Acquisition Highlights
  • This is Berkshire Hathaway’s 8th transaction in the Apparel/Textiles sector.
  • This is Berkshire Hathaway’s 45th transaction in the United States.
  • This is Berkshire Hathaway’s 1st transaction in Florida.

M&A Deal Summary
Date 2007-05-18
Target Richline Group
Sector Apparel/Textiles
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition

Target

Richline Group

Tamarac, Florida, United States
Richline Group, Inc. was formerly known as (Aurafin LLC) a U.S. manufacturer and distributor of moderately priced gold jewelry. The Richline Group will maintain the highest standards of integrity in every action we take. We will utilize our leadership position to advance the relevance of the jewelry industry and responsibly fulfill our commitments. We will inspire our employees to grow and reach their potential. Innovation, technology, creativity and collaboration.

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Buyer(S) 1

Buyer

Berkshire Hathaway

Omaha, Nebraska, United States
Category Company
Founded 1839
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 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 is based in Omaha, Nebraska.

DEAL STATS #
Overall 46 of 69
Sector (Apparel/Textiles) 8 of 8
Type (Add-on Acquisition) 35 of 47
State (Florida) 1 of 2
Country (United States) 45 of 64
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-18 Bel-Oro International

New York, New York, United States

Bel-Oro group of companies has grown to become an industry leader in gold jewelry. The company has earned a reputation as an ethical, hardworking family business, with some of the most talented professionals in the jewelry industry. Its key advantage has been to recognize and support the needs of customers by being first to the market with the most innovative products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-18 The Marmon Group

Chicago, Illinois, United States

The Marmon Group is a diversified manufacturing company that produces electrical components, industrial components and transportation equipment. The Company also provides services including construction and retail services. The Marmon Group was formed in 1953 and is based in Chicago.

Buy -
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