Category Archives: Uncategorized

BNSF Announces 6 New Certified, Rail-Served Sites for Development

(BRK.A), (BRK.B)

BNSF Railway has announced six new BNSF Certified Sites that are optimal for customer development along its rail network.

New certified sites include AgriTech Park in Great Falls, Mont.; Ameripointe Logistics Park in Ardmore, Okla.; Central New Mexico Rail Park in Los Lunas, N.M.; Commerce Center of Southeast Iowa in Middletown, Iowa; Gallup Energy Logistics Park in Gallup, N.M. and John W. Kelsey Business and Technology Park in Greenville, Ill.

“One of the ways BNSF works to ensure the right solution is offered to each customer is by scouting potential sites for development in advance of customer inquiries,” said Colby Tanner, assistant vice president, Economic Development. “By doing the upfront leg work to confirm a site is rail-served and shovel-ready, BNSF’s Site Certification Program creates significant value for customers by accelerating the process needed to support customer growth and development.”

The BNSF program allows the certified sites to use the “BNSF Certified Sites” distinction in marketing materials to attract new businesses. BNSF actively markets the sites on its website and promotes the sites to the economic development industry across the country.

A customer who builds a new rail-served facility on a BNSF Certified Site is expected to save between six to nine months of construction time as a result of the site’s advanced level of preparedness for development.

To be considered a certified site, industrial sites agree to submit documentation that allows BNSF to look at tangible evidence of a commitment by the owner and the community to develop a high-quality industrial park or site that is strongly supported by a public-private collaboration and existing investments.

BNSF launched its Site Certification Program in March 2016 by selecting four industrial sites in Shafter, California; Newton, Kansas; Shelby, Montana and Temple, Texas. As a result of these initial site certifications, BNSF has not only received inquiries about these sites from potential customers, but also from other communities that are interested in having an industrial site certified.

Factors known to be critical for a commercial development project include a true picture of property size and boundaries, the confirmed availability of utilities, public services, highway access, proper zoning for industrial usage and transparency of current land ownership. Not only does BNSF complete an analysis of those factors to ensure the sites match the desired economic development readiness level, but BNSF also vets assessments on environmental issues, geotechnical reviews, and endangered species considerations or cultural matters such as land with known archeological value – all to be confident of a good fit with rail expansion.

Additional details on the new group of BNSF Certified Sites are as follows:

• AgriTech Park is planned to eventually contain 1,100 acres. The site being certified at this time is approximately 197 acres and is located in north central Montana about 10 miles off Interstate 15 in Great Falls, Mont. It is about 225 miles north of Billings, Mont. and 110 miles south of the Canadian border.
• Ameripointe Logistics Park has more than 1,200 acres of developable land. The site being certified at this time is specific to 1,026 acres. The hub is located in Ardmore, Okla., which is at the intersection of Interstate Highway 35 and US Highway 70 about 100 miles south of Oklahoma City.
• Central New Mexico Rail Park contains 1,420 acres and is located about six miles west of Interstate Highway 25 in Los Lunas, N.M., approximately 30 miles south of downtown Albuquerque, N.M.
• Commerce Center of Southeast Iowa is an approximately 153 acre site located on the northern edge of the Iowa Army Ammunition Plant in Middletown, Iowa just south of U.S. Highway 34 about 90 miles southwest of the Quad Cities Metropolitan Area.
• Gallup Energy Logistics Park is expected to eventually comprise as much as 2,500 acres. The site being certified at this time is specific to 365 acres and is located a few miles north of Interstate Highway 40 in Gallup, N.M., which is 140 miles west of Albuquerque, N.M. and 190 miles east of Flagstaff, Ariz.
• John W. Kelsey Business and Technology Park is a nearly 440 acre site in Greenville, Ill. and located about 45 miles northeast of St. Louis just north of Interstate 70.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Lubrizol Consolidates Skin Care Units Under Lipotec USA Banner

(BRK.A), (BRK.B)

Berkshire Hathaway’s Specialty chemicals company Lubrizol is consolidating its Active Organics and Lipotec skin care units, and giving them a new name, Lipotec USA.

In 2011, Lubrizol acquired Active Organics, a manufacturer and supplier of naturally-derived specialty ingredients including botanical extracts and natural performance ingredients for the personal care industry.

The following year, Lubrizol acquired Lipotec SA, a leader in the development, manufacturing and sale of personal care ingredients based on three core technologies: peptide-based active cosmetic ingredients, delivery systems and biotechnology products.

Lipotec USA, Inc. will be located at the current address of Active Organics, Inc. in Lewisville, Texas.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

NetJets Brings Michelin-Starred Chef’s Cuisine to Flyers

(BRK.A), (BRK.B)

NetJets owners flying from Washington D.C. will have the opportunity to order from menus specially-curated by Michelin-starred chef José Andrés.

Andrés is chef/owner of ThinkFoodGroup, and with partner Rob Wilder, is the team responsible for popular dining destinations in Washington DC, Los Angeles, Las Vegas and Miami and Puerto Rico. ThinkFoodGroup oversees all of José’s creative endeavors such as cookbooks, television programming, concept consulting and project development.

Andrés was named Outstanding Chef of the Year at the 2011 James Beard Foundation Awards and was named among the 100 most influential people in the world by Time magazine in 2012.

Recently he was named Dean of the Spanish Studies program at the International Culinary Center.

© 2016 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

ZAK Products Has Three-Year Sales Growth of 58 percent

(BRK.A), (BRK.B)

For the fourth consecutive year, ZAK Products, a Berkshire Hathaway company, has been named to the prestigious Inc. 5000 list as one of the nation’s fastest-growing private companies.

ZAK Products has had three-year sales growth of 58 percent.

Founded in 2002, and headquartered in Dallas, ZAK Products is a provider of professional grade automotive fluid and maintenance products to certified professional automotive service centers and franchised car dealerships across the United States.

The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Companies such as Microsoft, Dell, Pandora and Zillow first gained their national exposure as honorees of the Inc. 5000, and ZAK joins other prominent brands featured in this year’s rankings.

“We are thrilled to be recognized as one of the top-performing businesses for the fourth consecutive time on the prestigious Inc. 5000 list,” said Vic Keller, founder of ZAK Products. “I am beyond proud of the dedication and relentless determination of our employees, which has been a driving factor for the continued growth and success of ZAK. Since the company began, it has been our goal to foster innovative tactics that change the way our industry does business. We continue to find creative and streamlined ways to improve our products and processes while building the trust and confidence of our partners. I believe the Inc. 5000 recognition is a reflection of that culture, and I am excited for our team to continue to propel ZAK’s growth into the future.”

Zak Products credits much of its success to its close relationship with NASCAR. The company’s official partner status began in 2010 with the designation of ZAK as the #1 Professional Maintenance Fluid of NASCAR.

© 2016 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Lubrizol Acquires Diamond Dispersions Ltd.

(BRK.A), (BRK.B)

The Lubrizol Corporation has acquired Diamond Dispersions Ltd., a company exclusively focused on the production of water-based dye and pigment dispersions for inks used in digital printing.

Headquartered in Sheffield, UK, Diamond Dispersions has established itself as a high quality, responsive and innovative producer of dispersions, gaining a significant share in this growing niche market.

Lubrizol notes that Diamond Dispersions will advance Lubrizol Performance Coatings’ goal to grow its portfolio of products that enable digital printing.

According to Sanjay Kalhan, general manager of Lubrizol Performance Coatings, “The combined technologies, knowledge and expertise of both companies will drive further innovation across product lines and position Lubrizol as the preferred partner for ink makers seeking to develop new digital print systems for this growing market. In addition to our dispersant, specialty additive and resin product lines, ink manufacturers will now have the opportunity to source fully formulated dispersions through Lubrizol.”

Diamond Dispersions is now part of Lubrizol Advanced Materials, reporting into Lubrizol’s Performance Coatings business.

The transaction includes all intellectual property, trademarks and customer lists of Diamond Dispersions. Financial terms of the agreement were not disclosed.

© 2016 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.