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By the 1960s, Berkshire
Hathaway had declined to seven plants and 6,000 employees, but still annually produced one quarter of a billion yards of material that sold for more than $ 60 million. The assets, and a sizable amount of cash on the balance sheet, caught the eye of
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Through his
Buffett Partnership Limited investment firm Buffett started buying stock in Berkshire at $ 7.60 a share. He eventually paid an average of $ 14.86 a share, or a total of $ 14 million, and took control of the company on May 10, 1965.
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In 1985, the last textile operations were shut down. A portion of the mills, including the former office building, were torn down on
January 14, 2014.
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and 3,400 looms for the production of fine cotton goods, for which the humid seaside location of
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Hathaway Mills, New
Bedford, Massachusetts. This mill was originally built by Dartmouth Mfg. Co.
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Official
American Textile Directory, 1917, Bragdon, Lord & Nagle Co., New York, publishers
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By 1917, the
Hathaway Mills had grown to contain 108,000 ring and
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180:"Historic Berkshire Hathaway mill is torn down"
216:Companies based in New Bedford, Massachusetts
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59:, a China trader and whaler in the Pacific.
124:List of mills in New Bedford, Massachusetts
153:"Providence Journal Article July 10, 2006"
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178:Steve, DeCosta (January 14, 2014).
221:Textile mills in the United States
80:Berkshire Fine Spinning Associates
39:Hathaway Mills, Harbor Street side
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18:Hathaway Manufacturing Corporation
78:In 1955, Hathaway merged with
45:Hathaway Manufacturing Company
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53:New Bedford, Massachusetts
86:, and became known as
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231:Berkshire Hathaway
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192:. Retrieved
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55:in 1888 by
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130:References
163:June 25,
113:See also
63:History
196:2014
165:2008
43:The
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