Learn More. Benjamin Moore & Co. is an American premium paint manufacturer founded in 1883 with just $2,000 in capital by Benjamin and Robert Moore, two brothers from Brooklyn. Benjamin Moore To Be Acquired by Berkshire Hathaway 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. Share this article: Share this: Facebook; Twitter; Flipboard; WhatsApp; Email; Copy; Read Next. Select up to 20 franchises that you want to learn more about! Today, it is a subsidiary of Warren Buffett's Berkshire Hathaway. 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. 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. Write A Review Visit Website (201) 573-9600 Contact Us. Who We Are. Benjamin Moore & Co. has started construction of a 117,000-square-foot, $17.8 million paint factory expansion in Johnstown. Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883. Benjamin Moore said that it will start producing Ace Hardware's house paint brand, Clark+Kensington, later this year. 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. $37.82 Per Share Offered. In addition, shareholders who own approximately 18% of Benjamin Moore's common stock agreed to tender their shares into the tender offer. 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. We understand that running your own business is a source of pride. Founded in 1883, Benjamin Moore is based in Montvale, New Jersey. Your information is safe. There's no way the company can paint over these separations. 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. 5000, Capital Required It is owned by Berkshire Hathaway. 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. $75,000, CEO Name We help grow your business with the power of a great brand, become a Benjamin Moore dealer today! 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. 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 These statements involve risks and uncertainties. Law Firm Info Reviews Write A Review Write a review Write Your Review. Our integrity, passion for excellence and respect for community remain the foundations for our business success. The most important of these is the property and casualty insurance business conducted on both a direct and reinsurance basis through a number of subsidiaries. Fields marked with an * are required. We’re painting the way for entrepreneurs just like you. These documents will be made available to all shareholders of Benjamin Moore at no expense to them. Berkshire's Benjamin Moore Acquires UK-Based Shaw Paints Something that Warren Buffett is always fond of are bolt-on acquisitions that bolster Berkshire Hathaway’s existing companies. 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. ", 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.". 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 … 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. $275,000, Liquid Capital 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. Fueled by demand from … Namesake Benjamin Moore started the paint purveyor in 1883. Dan Calkins, Existing Units Dan Calkins. To sell its products, Benjamin Moore relies on an independent dealer network of more than 5,000 independent retailers in North America. 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. 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. Overall rating. Your success is our number one priority. J.P. Morgan & Co. delivered a fairness opinion to the Board of Directors of Benjamin Moore. Capital Required A Berkshire Hathaway Company. Since 1883, Benjamin Moore has distributed its products through a network of friendly and professional independently owned and operated dealer retailers. Apply to Benefit Specialist and more! To that end, Benjamin Moore & Co. has acquired its United Kingdom distribution partner, Shaw Paints Ltd. 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. 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. 65 Benjamin Moore Berkshire Hathaway jobs available on Indeed.com. Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883. Benjamin Moore, a leading manufacturer and retailer of premium paints, stains and industrial coatings, was founded in 1883. Benjamin Moore Lays Off Its Entire Legal Department abovethelaw.com - By Staci Zaretsky. 101 Paragon Drive Montvale, NJ 07645. The company operates five manufacturing plants and 18 distribution centers across North America. With over a century at the forefront of product innovation and color leadership, our reputation in the industry is unparalleled. Businesses, Retail, general business or related industry experience, A residence near an available market or a willingness to relocate. The value of the transaction is approximately one billion dollars. 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 … Filed under benjamin moore, berkshire hathaway, warren buffett, 11/6/13. Benjamin Moore is headquartered in Montvale, New Jersey, and is owned by Berkshire Hathaway. We value continuous learners who are able to put in the hard work it takes to make their business thrive. If you’re ready for a new beginning, partner with Benjamin Moore today. 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. Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883. The actual outcome could differ materially from that contemplated by such statements. Premium Benjamin Moore paint and stain for home interiors and exteriors. 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 … 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. By clicking the button, you agree to BizBuySell’s, Benjamin Moore, A Berkshire Hathaway Company Dealer, Established Updated: 02/21/2014. Our independent retailers share our passion for quality and service. $275,000, Liquid Capital 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 … $75,000, Financing Assistance We continue as a leader in the architectural coatings industry with products that set new standards of excellence. The Board of Directors of Benjamin Moore has unanimously approved the Merger Agreement. 1. We’re painting the way for entrepreneurs just like you. Berkshire Hathaway is a holding company owning subsidiaries engaged in a number of diverse business activities. The Moore Brothers founded the company in Brooklyn, New York, with one product, "Moore's Prepared Calsom Benjamin Moore & Co., also known as Benjamin Moore Paints or simply Benjamin Moore, is an American company that produces paint. 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. All those, past and present, who have played a part in building this company can feel proud that Warren Buffett and Berkshire Hathaway want to be associated with the name Benjamin Moore. The Franchise Request List allows you to request information from several franchises with a click of a button! 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. Overview Since 1883, Benjamin Moore has distributed its products through a network of friendly and professional independently owned and operated dealer retailers. Find the perfect paint colors and products for your project Berkshire Hathaway Inc. - Benjamin Moore & Co. (Main Office) - Montvale, NJ. The tender offer will expire twenty business days after it is commenced, but may be extended under certain circumstances. Benjamin Moore Benjamin Moore Products Benjamin Moore & Co. a Berkshire Hathaway company, was founded in 1883. Headquartered in Montvale, New Jersey, Benjamin Moore's products are distributed throughout North America through a network of authorized dealers. The tender offer will commence no later than November 17, 2000 and will be for all of Benjamin Moore's outstanding common stock. Why Partner with Benjamin Moore? While we’ve been thoroughly documenting all the ways law firms have navigated the … Benjamin Moore Flanders, NJ. Get Free Information about this great opportunity! Your Profile? One of North America's leading manufacturers of premium quality residential, commercial and industrial maintenance coatings, Benjamin Moore maintains a relentless commitment to sustainable manufacturing practices and continues to develop the most eco-responsible formulations possible. If you’re ready for a new beginning, partner with Benjamin Moore today. View our privacy policy. Available, CEO Name Permanent Full-time Company Summary: Benjamin Moore is proud to be a part of Berkshire Hathaway, which was recognized by Fortune magazine as the world’s fourth most admired company. 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"). As a result of the merger, Benjamin Moore is now a wholly owned subsidiary of Berkshire Hathaway. BNSF Railway, founded in 1849, operates approximately 32,500 miles of track in 28 US states and three Canadian provinces. How would you rate your overall … These documents also will be available at no charge at the SEC's web site, www.sec.gov. The Moore brothers built this company based on their vision and commitment to “intelligent industry in the spirit of integrity.” Product innovation, color technology and design … 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. 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. Update Now. 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 offer comprehensive training and development programs and invest in your future with ongoing financial, marketing and sales support. 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