Which company did Warren Buffett acquire after buying Berkshire Hathaway textile shares in 1962?

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Warren Buffett acquired Berkshire Hathaway after buying shares in the textile company in 1962.

Berkshire Hathaway began as a group of New England textile businesses, formed through the 1955 merger of Berkshire Fine Spinning Associates and Hathaway Manufacturing Company. Buffett’s investment partnership began purchasing its shares in 1962 after identifying the company as undervalued. A disagreement with management later led him to take control in 1965.

Buffett eventually moved Berkshire away from textiles and built it into a diversified holding company. Its businesses and investments have included insurance, railroads, utilities, energy, manufacturing, and large publicly traded equity positions. Berkshire is unusual among major corporations because its Class A shares have never undergone a stock split, producing an exceptionally high per-share price. Market capitalization measures the whole company, not the price of one share.

Source: Wikipedia · fact-checked Oct. 2026

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