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