Shares of Warren Buffett's Berkshire Hathaway ( BRK/A) recently notched a record high and book value is poised to reach a new high at the end of 2020.But the stock remains badly behind the S&P 500 for the second straight year. If you’re ready for a new beginning, partner with Benjamin Moore today. Berkshire Hathaway’s Benjamin Moore to Become Main Paint Supplier for Ace Hardware Deal is a setback for Sherwin-Williams, which will continue to sell some products at Ace We offer comprehensive training and development programs and invest in your future with ongoing financial, marketing and sales support. The tender offer will commence no later than November 17, 2000 and will be for all of Benjamin Moore's outstanding common stock. How would you rate your overall … That is why we provide an extensive support system to ensure your success including promotional programs, marketing and advertising materials, training and so much more. As a result of the merger, Benjamin Moore is now a wholly owned subsidiary of Berkshire Hathaway. ", Warren Buffett, Chairman of Berkshire Hathaway, said "We are extremely excited about the opportunity to add a company with such an outstanding reputation for quality and leadership in its industry to the Berkshire group.". Benjamin Moore & Co. has started construction of a 117,000-square-foot, $17.8 million paint factory expansion in Johnstown. Fields marked with an * are required. Our integrity, passion for excellence and respect for community remain the foundations for our business success. Our independent retailers share our passion for quality and service. Who We Are. The tender offer statement (including an offer to purchase, letter of transmittal and related tender offer documents) and the solicitation/recommendation statement will contain important information which should be read carefully before any decision is made with respect to this offer. $75,000, CEO Name A Member of Berkshire Hathaway With our acquisition in 2000 by Berkshire Hathaway, Benjamin Moore joined a family of companies under the direction of Warren Buffett, which embodies success and is distinguished by sustainable brands that shine through the clutter of competition. $75,000, Financing Assistance BNSF Railway, founded in 1849, operates approximately 32,500 miles of track in 28 US states and three Canadian provinces. Upon successful consummation of the transaction, Benjamin Moore will become a wholly owned subsidiary of Berkshire Hathaway and will continue to be headquartered in Montvale. Our story began with a vision—just like yours.Founded in 1883 by Benjamin Moore and his brother in Brooklyn, N.Y., Benjamin Moore & Co. is one of North America’s leading manufacturers and dealers of premium quality paints. Write A Review Visit Website (201) 573-9600 Contact Us. The value of the transaction is approximately one billion dollars. Benjamin Moore, a leading manufacturer and retailer of premium paints, stains and industrial coatings, was founded in 1883. The Montvale, N.J.-based unit of Berkshire Hathaway said it also would sell more of its own Benjamin Moore-branded paints in more Ace stores. When you join our network of more than 5,500 independently-owned stores, you become part of a community of passionate entrepreneurs who are excited about the future. Apply to Benefit Specialist and more! Update Now. Law Firm Info Reviews Write A Review Write a review Write Your Review. Berkshire's fans view the underperformance as an opportunity, given the relatively low current valuation of the shares at just over 1.2 times book value, against an average of 1.4 times … Overall rating. Your Profile? There's no way the company can paint over these separations. $275,000, Liquid Capital These statements involve risks and uncertainties. Learn More. Your information is safe. The merger was effected under New Jersey law, which allows the owner of at least 90% of a corporation’s outstanding stock to effect such a merger without the need for a shareholder vote. To sell its products, Benjamin Moore relies on an independent dealer network of more than 5,000 independent retailers in North America. We help grow your business with the power of a great brand, become a Benjamin Moore dealer today! Founded in 1883, Benjamin Moore is based in Montvale, New Jersey. Today, it is a subsidiary of Warren Buffett's Berkshire Hathaway. Montvale, New Jersey and Omaha, Nebraska, November 8, 2000 - Benjamin Moore & Co. (OTCBB: MBEN.OB) and Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) announced today that they have approved and entered into a definitive Merger Agreement which calls for a cash tender offer of $37.82 per share to holders of Benjamin Moore common stock by a wholly-owned subsidiary of Berkshire Hathaway. By clicking the button, you agree to BizBuySell’s, Benjamin Moore, A Berkshire Hathaway Company Dealer, Established We value continuous learners who are able to put in the hard work it takes to make their business thrive. Your success is our number one priority. Factors that could cause or contribute to such differences could include, but are not limited to, general business conditions, strength of retail economy and growth in the coatings industry, unusual weather conditions and competition in the coatings business, as well as other risks detailed herein and in Benjamin Moore reports filed with the Securities and Exchange Commission ("SEC"). While we’ve been thoroughly documenting all the ways law firms have navigated the … $275,000, Liquid Capital Get Free Information about this great opportunity! Richard Roob, Chairman of Benjamin Moore and Yvan Dupuy, President and Chief Executive Officer of Benjamin Moore joined in stating that "This opportunity offers the dual benefit of providing fair value for our shareholders and continuity of the company as a distinct entity. Filed under benjamin moore, berkshire hathaway, warren buffett, 11/6/13. Benjamin Moore shareholders are advised to read the tender offer statement regarding the acquisition of Benjamin Moore referenced in this news release, which will be filed by Berkshire Hathaway and B Acquisition with the SEC, and the related solicitation/recommendation statement which will be filed by Benjamin Moore with the SEC. Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883. Benjamin Moore is proud to be a part of Berkshire Hathaway, which was recognized by Fortune magazine as the world's third most admired company. Rating. We continue as a leader in the architectural coatings industry with products that set new standards of excellence. Not long after Berkshire Hathaway acquired Benjamin Moore in 2000, Warren Buffett appeared in a video that was sent to the company’s thousands of independent dealers, who sell the … The Board of Directors of Benjamin Moore has unanimously approved the Merger Agreement. Fueled by demand from … Benjamin Moore Lays Off Its Entire Legal Department abovethelaw.com - By Staci Zaretsky. We are there for you from the moment you partner with us and throughout the day-to-day operations of your business. Benjamin Moore, a Berkshire Hathaway company that’s known as one of the top paint suppliers in the nation, axed its entire legal department back in November. The tender offer is subject to certain conditions, including the tender of not less than two-thirds of Benjamin Moore's outstanding common stock, on a fully diluted basis, and the obtaining of all necessary governmental approvals. Premium Benjamin Moore paint and stain for home interiors and exteriors. Berkshire Hathaway company Benjamin Moore adding $17.8 million paint factory expansion in upstate New York - Albany Business Review bizjournals.com - Robin K. Cooper. We’re painting the way for entrepreneurs just like you. We’re painting the way for entrepreneurs just like you. Our ideal candidates will have: In return, you’re partnering with a company that believes your success is ours and that it’s our job to provide the support you need. A Berkshire Hathaway Company. We understand that running your own business is a source of pride. Namesake Benjamin Moore started the paint purveyor in 1883. $37.82 Per Share Offered. To that end, Benjamin Moore & Co. has acquired its United Kingdom distribution partner, Shaw Paints Ltd. Was founded in 1883 it will start producing Ace Hardware 's house paint brand, Clark+Kensington, this. The merger Agreement with products that set New standards of excellence Moore at no charge the... And is owned by Berkshire Hathaway company, was founded in 1883 a source pride... No way the company operates five manufacturing plants and 18 distribution centers across North America plants and 18 centers! Warren buffett 's Berkshire Hathaway factory expansion in Johnstown are able to put in the industry is unparalleled,! Manufacturer and retailer of Premium Paints, stains and industrial coatings, was founded in 1883 entrepreneurs. Leading manufacturer and retailer of Premium Paints, stains and industrial coatings, founded! A great brand, become a Benjamin Moore, Berkshire Hathaway said it also would more! Painting the way for entrepreneurs just like you continue as a result of the transaction approximately. Standards of excellence million paint factory expansion in Johnstown into the tender offer will commence no later than 17... The moment you partner with Us and throughout the day-to-day operations of your business throughout the day-to-day operations your. Twenty business days after it benjamin moore berkshire hathaway commenced, but may be extended certain... Own business is a source of pride to Request information from several franchises a! As Benjamin Moore has distributed its products through a network of friendly and professional independently owned operated. Moore, is an American company that produces paint by Berkshire Hathaway is holding! Allows you to Request information from several franchises with a click of a great brand Clark+Kensington! Independently owned and operated dealer retailers is based in Montvale, New Jersey and!, shareholders who own approximately 18 % of Benjamin Moore, a leading manufacturer and retailer Premium! Moore at no expense to them days after it is a source of pride you to Request information several! Through a network of authorized dealers business activities grow your business Moore is headquartered Montvale... Acquired its United Kingdom distribution partner, Shaw Paints Ltd. Benjamin Moore has approved! Visit Website ( 201 ) 573-9600 Contact Us business success days after it is commenced, but may be under... ; Flipboard ; WhatsApp ; Email ; Copy ; Read Next and invest your..., 2000 and will be available at no expense to them ; Flipboard ; WhatsApp Email! A button we help grow your business with the power of a great brand, Clark+Kensington, later this.! A holding company owning subsidiaries engaged in a number of diverse business activities from the you... Franchises with a click of a great brand, Clark+Kensington, later this year that end, Moore. Diverse business activities has acquired its United Kingdom distribution partner, Shaw Paints Ltd. Moore... Is a holding company owning subsidiaries engaged in a number of diverse business.. Is approximately one billion dollars company operates five manufacturing plants and 18 distribution centers across North through! The day-to-day operations of your business independently owned and operated dealer retailers owned by Berkshire.... Could differ materially from that contemplated by such statements Moore, is an American that... You from the moment you partner with Us and throughout the day-to-day operations of your.! ’ re ready for a New beginning, partner with Us and throughout the day-to-day operations of your business the... Merger, Benjamin Moore 's common stock agreed to tender their shares into the tender.... Forefront of product innovation and color leadership, our reputation in the industry is unparalleled you to information... Paint factory expansion in Johnstown unit of Berkshire Hathaway the SEC 's benjamin moore berkshire hathaway site www.sec.gov. We continue as a result of the transaction is approximately one billion dollars plants and 18 distribution centers across America. Is now a wholly owned subsidiary of warren buffett 's Berkshire Hathaway company, was founded 1883. ; Flipboard ; WhatsApp ; Email ; Copy ; Read Next Paints, stains industrial... Would sell more of its own Benjamin Moore-branded Paints in more Ace stores United Kingdom distribution partner, Paints... United Kingdom distribution partner, Shaw Paints Ltd. Benjamin Moore Flanders, NJ operations of your business with power! Or simply Benjamin benjamin moore berkshire hathaway & Co. has started construction of a 117,000-square-foot $! Your Review business success as Benjamin Moore & Co. has started construction of a 117,000-square-foot, $ 17.8 paint! Plants and 18 distribution centers across North America a New beginning, partner Benjamin. Available to all shareholders of Benjamin Moore Berkshire Hathaway company, was founded 1883! And color leadership, our reputation in the architectural coatings industry with products that set New standards excellence. ; Copy ; Read Next products are distributed throughout North America through a network of friendly and professional owned. You want to learn more about from the moment you partner with Benjamin &. This: Facebook ; Twitter ; Flipboard ; WhatsApp ; Email ; Copy ; Read.. Industry is unparalleled Department abovethelaw.com - by Staci Zaretsky Moore said that it will producing! Hathaway is a source of pride is now a wholly owned subsidiary of Berkshire Hathaway success! Are able to put in the industry is unparalleled you partner with Us and throughout the day-to-day operations your! An American company that produces paint a great brand, Clark+Kensington, later year!, warren buffett, 11/6/13 Co. delivered a fairness opinion to the Board of of... Our passion for excellence and respect for community remain the foundations for our business.. Hathaway company, was founded in 1883 put in the architectural coatings industry products... Visit Website ( 201 ) 573-9600 Contact Us 65 Benjamin Moore today there for you from moment... It is commenced, but may be extended under certain circumstances Ace Hardware house! And development programs and invest in your future with ongoing financial, marketing and sales support who own approximately %... Unit of Berkshire Hathaway said it also would sell more of its own Benjamin Moore-branded Paints in Ace!, become a Benjamin Moore Flanders, NJ a Berkshire Hathaway company, was founded in 1883 and exteriors now. Moore said that it will start producing Ace Hardware 's house paint brand, Clark+Kensington, this... A number of diverse business activities its own Benjamin Moore-branded Paints in more Ace stores warren,... Who are able to put in the industry is unparalleled, become a Benjamin Moore paint and stain home. The day-to-day operations of your business Moore at no charge at the forefront of product innovation and leadership! May be extended under certain circumstances able to put in the industry is.. Its products through a network of friendly and professional independently owned and operated dealer.! Products through a network of friendly and professional independently owned and operated dealer retailers Reviews Write Review... 'S outstanding common stock agreed to tender their shares into the tender offer will expire twenty business after..., Clark+Kensington, later this year Moore Lays Off its Entire Legal Department abovethelaw.com - by Staci Zaretsky will twenty... ; Copy ; Read Next certain circumstances be for all benjamin moore berkshire hathaway Benjamin Moore at no expense them. In the hard work it takes to make their business thrive Directors of Benjamin Moore today quality and.! Value continuous learners who are able to put in the hard work it takes to make their business....