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Article: THE COMPANIES MOST LIKELY TO...
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- January 14, 2002
CopyrightCOPYRIGHT 2002 MacFadden Communications Group LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ACQUIRERS
Berkshire Hathaway
Omaha, Neb./public
Holding company owns Shaw Industries and Jordan's, among others.
Investors typically steer clear of home furnishings companies. Too cyclical, they say. Too fragmented. Warren Buffett, though, likes the business just fine and has steadily assembled a portfolio of home furnishings holdings over the past decade.
After buying furniture retailer Jordan's in 1999, and then moving into manufacturing with the $2 billion acquisition of Shaw Industries in 2000, Buffett's Berkshire Hathaway was quiet on the furnishings front in 2001. Berkshire-owned companies made aggressive moves last ...