Warren Buffett's 5 Biggest Acquisitions
Warren Buffett's Berkshire Hathaway recently acquired Precision Castparts (NYSE:PCP) for $37.2 billion. According to Berkshire Hathaway, this is the largest acquisition the holding company has ever made.
Here are Berkshire Hathaway's five largest purchases ever.
1. Precision Castparts Corp
In its largest ever acquisition, Berkshire Hathaway purchased aerospace company Precision Castparts Corp for $37.2 billion. Precision makes parts for aircraft makers and power companies, and includes General Electric (NYSE:GE) and Boeing (NYSE:BA) among its customers.
2. Burlington Northern Santa Fe
In 2009, Berkshire Hathaway acquired Burlington Northern Santa Fe for $27 billion. BNSF is the second largest freight railroad network in North America.
3. Kraft Heinz
In 2013, Buffett, along with 3G Capital, purchased Heinz Foods for $23.3 billion. Berkshire Hathaway (NYSE:BRK.A) invested approximately $12 billion in that acquisition.
But in July 2015, Heinz Foods merged with rival food giant Kraft Foods to become the Kraft Heinz Company (NYSE:KHC) in a deal backed by Berkshire Hathaway and 3G Capital, which together will invest $10 billion. Kraft Heinz is now valued at $46 billion.
4. Gen Re
Gen Re, which owns General Reinsurance and General Reinsurance AG, is a global reinsurance company that was acquired by Berkshire Hathaway in 1998 for $16.2 billion. The company offers a range of reinsurance products and services.
5. Lubrizol Corporation
In 2011, Berkshire Hathaway purchased Lubrizol Corporation in a deal valued at $9.2 billion. Lubrizol is a provider of specialty chemicals for transportation, industrial and consumer markets.