The actual outcome could differ materially from that contemplated by such statements. Benjamin Moore said that it will start producing Ace Hardware's house paint brand, Clark+Kensington, later this year. 65 Benjamin Moore Berkshire Hathaway jobs available on Indeed.com. Benjamin Moore Lays Off Its Entire Legal Department abovethelaw.com - By Staci Zaretsky. We understand that running your own business is a source of pride. The value of the transaction is approximately one billion dollars. 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 101 Paragon Drive Montvale, NJ 07645. 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. 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. 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. Why Partner with Benjamin Moore? Update Now. Filed under benjamin moore, berkshire hathaway, warren buffett, 11/6/13. The Moore brothers built the company based on their vision and commitment to ”intelligent industry in the spirit of integrity.” Product innovation, color technology and design leadership define who we are today. Today, Benjamin Moore & Co., a Berkshire Hathaway company, is a high-performing, innovative manufacturer and retailer of quality coatings and provider of related goods and services for decoration and preservation. ", 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.". 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. Today, it is a subsidiary of Warren Buffett's Berkshire Hathaway. Headquartered in Montvale, New Jersey, Benjamin Moore's products are distributed throughout North America through a network of authorized dealers. Our integrity, passion for excellence and respect for community remain the foundations for our business success. The Moore Brothers founded the company in Brooklyn, New York, with one product, "Moore's Prepared Calsom 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. And for more than 130 years we’ve been a respected leader in the architectural coatings and home décor landscape; creating the products and tools that enrich and beautify … J.P. Morgan & Co. delivered a fairness opinion to the Board of Directors of Benjamin Moore. Write A Review Visit Website (201) 573-9600 Contact Us. In 2000 Berkshire acquired Benjamin Moore for $1B At that time Sherwin Williams market cap was $3.3B Today Sherwin William's market cap has grown to $53B (~16x) Using the same multiple (assuming similar growth), is Benjamin Moore worth around $16B?--In 2009, Berkshire acquired BNSF for $44B At that time CSX market cap was $18B Today the market cap is $61.5B (~3.4x) Using the same multiple … While we’ve been thoroughly documenting all the ways law firms have navigated the … We’re painting the way for entrepreneurs just like you. Upon successful completion of the tender offer, the Merger Agreement calls for a merger pursuant to which the remaining shareholders will receive cash in the same amount as paid in the tender offer. 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. Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883. If you’re ready for a new beginning, partner with Benjamin Moore today. It is owned by Berkshire Hathaway. If you’re ready for a new beginning, partner with Benjamin Moore today. Benjamin Moore, a leading manufacturer and retailer of premium paints, stains and industrial coatings, was founded in 1883. Founded in 1883 by Benjamin Moore and his brother in Brooklyn, NY, Benjamin Moore & Co. is one of North America’s leading manufacturers and dealers of premium quality paints. Share this article: Share this: Facebook; Twitter; Flipboard; WhatsApp; Email; Copy; Read Next. Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883. This press release contains forward-looking statement with respect to management's beliefs about the financial condition, results of operations and businesses of Benjamin Moore and Berkshire Hathaway in the future. BNSF Railway, founded in 1849, operates approximately 32,500 miles of track in 28 US states and three Canadian provinces. A Berkshire Hathaway Company. Overall rating. Benjamin Moore To Be Acquired by Berkshire Hathaway Berkshire Hathaway Inc. - Benjamin Moore & Co. (Main Office) - Montvale, NJ. In addition, shareholders who own approximately 18% of Benjamin Moore's common stock agreed to tender their shares into the tender offer. Berkshire Hathaway is a holding company owning subsidiaries engaged in a number of diverse business activities. With over a century at the forefront of product innovation and color leadership, our reputation in the industry is unparalleled. We’re painting the way for entrepreneurs just like you. 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. Updated: 02/21/2014. 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"). Who We Are. 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. To sell its products, Benjamin Moore relies on an independent dealer network of more than 5,000 independent retailers in North America. 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 … Learn More. 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. These statements involve risks and uncertainties. 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. These documents also will be available at no charge at the SEC's web site, www.sec.gov. Your success is our number one priority. $75,000, CEO Name Benjamin Moore & Co. has started construction of a 117,000-square-foot, $17.8 million paint factory expansion in Johnstown. Your Profile? Fueled by demand from … Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883. 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. As a result of the merger, Benjamin Moore is now a wholly owned subsidiary of Berkshire Hathaway. The Board of Directors of Benjamin Moore has unanimously approved the Merger Agreement. Law Firm Info Reviews Write A Review Write a review Write Your Review. $275,000, Liquid Capital No franchises available in this location. The company operates five manufacturing plants and 18 distribution centers across North America. 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. 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