Tag Archives: Marmon Group

Berkshire Hathaway Acquires Tenn-Tex Plastics

(BRK.A), (BRK.B)

Berkshire Hathaway’s Marmon Fastener Group has announced the acquisition of Tenn-Tex Plastics Inc., adding it to its lineup of construction fastener companies. No financial terms of the deal were released.

Based in Colfax, North Carolina, Tenn-Tex manufactures plastic injection molded parts for kitchen and bath cabinetry.

The company’s products include: speciality drawer slide brackets designed for easy installation, a patented QuikTray Rollout System, Shelf Clips, Shelf Supports, Institutional Shelf Supports, Corner Braces, Glue Blocks, False Front Clips, Glass Door Retainers, Slide Brackets for Undermount and Side Mount Slides, Brackets for Ball Bearing Slides, Cover Caps, Shipping Clips, Spacers, Inset brackets, Toe Kick Endcaps, Paint Caps, Furniture Glides and much more.

“Tenn-Tex is a great fit for the Marmon Fastener Group as we grow and innovate in both existing and adjacent markets to meet customer needs,” said Group President Steve Semmler. “Tenn-Tex is particularly well aligned with Pan American Screw.”

“We look forward to growing in service to our customers and markets through the excellent synergy of Pan American / Deerwood Fasteners and Tenn-Tex,” said Pan American President Phil Lail.

© 2020 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.

Volvo North America Teams with Berkshire’s Fontaine Modification

(BRK.A), (BRK.B)

Volvo North America has partnered with Berkshire Hathaway’s Fontaine Modification to develop the Volvo Auto Hauler (VAH) 300, Volvo Trucks’ signature day cab in the North American market. This reduced-height cab option is currently the lowest in the industry by 1.5 inches, offering auto haulers best-in-class versatility for local and regional automobile transport applications. The 300 is now available for order at an unladen 94.5-inch height.

“At Volvo Trucks, we pride ourselves on building strong partnerships to solve our customers’ business needs,” said John Felder, product marketing manager at Volvo Trucks North America. “Through extensive research, testing and engineering in collaboration with Fontaine Modification, the new VAH 300 model with a 94.5-inch height represents a new standard of excellence for trucks in the highly specialized auto hauler market.”

The company notes that over the last 10 years, the height of vehicles hauled has significantly increased as the demand for more SUVs versus sedans rises. As a result, auto haulers are now in need of a solution that maximizes freight capacity, while also delivering optimal efficiency. The lower overall height of the VAH 300 offers the flexibility to position a larger vehicle over the truck’s cab to maximize payload. A clean top-of-frame behind the cab also allows for easier body mounting and trailer hookup.

“At Fontaine, we are proud of our recent changes that will provide about three more critical inches of room for hauling larger vehicles above the VAH 300 day cab,” said Paul Kokalis, president of Fontaine Modification Company. “We’re pleased to help Volvo Trucks deliver this best-in-class, reduced-height cab option to meet the demands of the North American auto hauler market.”

In addition to this new model, Fontaine also modifies a full range of Volvo Trucks models to service the needs of all customers for any auto hauling application or load size.

© 2020 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.

Berkshire Hathaway’s Railserve, Inc. Creates Strategic Alliance With USD Group

(BRK.A), (BRK.B)

Railserve, Inc., a Marmon/Berkshire Hathaway company, and USD Group have announced a strategic alliance to develop rail-centric solutions that enhance growth, efficiency and capacity for all sectors of the rail industry.

“We recognize the unique environment that railroads and shippers currently operate within,” said Dan Borgen, USDG’s CEO and President. “In an industry that is increasingly capacity constrained, our strategic alliance with Railserve is one of many ways USDG is continually pursuing growth and promoting efficiency. We believe USDG and Railserve can leverage our respective organizational capabilities to tailor unique solutions.”

The alliance between USDG and Railserve is born from a long history of collaboration and shared values. USDG and its affiliates are engaged in designing, developing, owning and managing large-scale multi-modal logistics centers and energy-related midstream infrastructure across North America. Railserve is a leading provider of on-site rail services, including third party rail switching, in-plant logistics, locomotive service, track maintenance, locomotive sales and leasing, air brakes as well as a host of car repair inspection, cleaning and maintenance services through Union Tank Car. The alliance will allow the companies to more seamlessly provide customers with new service options, such as car inspections, car repairs and car washing.

“We believe this alliance creates a wide range of services and capabilities for rail shippers and receivers,” said Tim Benjamin, Group President – Railyard Products and Equipment. “Our longstanding relationship with USDG makes this a natural partnership for our respective companies. The current dynamic rail environment continues to evolve and both companies understand the efforts around Precision Scheduled Railroading (PSR), storage in transit (SIT), First and Last Mile, truck to rail transload, ports, and efficient growth solutions. Our collective team of experienced industry experts are uniquely qualified to assist in all these areas.”

The alliance is currently coordinating activities and railroad and energy industry partners will have immediate opportunities to benefit from these new initiatives.

© 2020 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.

Berkshire Hathaway’s Harbour Industries Approved for F-35 Fighter Program

(BRK.A), (BRK.B)

Berkshire Hathaway’s Harbour Industries is now an approved manufacturer for a number of low-loss coax and high-speed data cables used on Lockheed Martin’s F-35 Lighting II 5th generation fighter aircraft.

Based in Shelburne, Vermont, Harbour Industries is owned by Berkshire Hathaway through its conglomerate, Marmon Holdings. The company is a premier manufacturer of Data; RF; and Mil-spec wire and cable.

Since 1965, Harbour Industries has been manufacturing high temperature and high performance cable for the military, commercial, and industrial markets. The Shelburne facility manufactures a wide range of wire and cable products utilizing numerous conductors, insulating compounds, braid wire, and jacketing materials.

Robert Canny, President said, “We look forward to supporting the 2020 F-35 Sustainment Contract just released by the Pentagon and Lockheed Martin. Harbour has a long reputation of providing timely products to our business partners to support their ramp to full production.” Declared “combat ready” by the commander of the US Air Combat Command, this next generation aircraft provides capabilities needed on the modern battlefield. The F-35 provides air superiority, interdiction, suppression of enemy air defenses and close air support with unprecedented situational awareness of the battle space that will be more extensive than any single-seat platform in existence.

Harbour’s data and coaxial cables were chosen based on the use of a composite fluoropolymer insulation ensuring light-weight and high-speed transmission. Harbour is known as a supplier that has product and process engineering expertise that ensures the highest quality cables will be manufactured in exact accordance with Lockheed’s demanding physical and electrical requirements.

As the F-35 moves toward full rate production, Harbour is ready for the challenge to supply increased volume on-time with unmatched quality.

© 2020 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.

Berkshire Hathaway Completes Sale of Owl Wire and Cable

(BRK.A), (BRK.B)

Warren Buffett’s Berkshire Hathaway is famous for buying companies, but on a occasion it sells them too.

International Wire Group has acquired Owl Wire and Cable from Berkshire’s Marmon Holdings, Inc.

Owl is a producer of high volume, heavy bare and tinned wire with operations in Canastota, Rome and Boonville, New York. Founded in 1954 as a family-owned business, Owl has been a recognized leader in copper wire for over six decades.

IWG is the market leader and the largest bare copper wire and copper wire products manufacturer in the United States with operations in Europe. With broad manufacturing and in-house engineering capabilities, IWG’s highly-skilled and experienced workforce offers fellow suppliers, distributors and OEMs the industry’s most robust and mission-critical product portfolio. It serves customers across the industrial and energy, electronics and data communications, aerospace and defense, medical products, automotive, and consumer and appliance industries.

“This new partnership is a ‘win-win’ for the loyal customers and workforces of both IWG and Owl, and for the communities we are privileged to serve,” said IWG President and CEO Greg Smith. “By integrating Owl’s manufacturing capabilities and superior customer service into our already market-leading company, we will create a unique platform to serve current and future customers. The new IWG will continue to deliver high-quality, precise wire and cable products for mission-critical applications that power our global economy. We know the Owl team well, and are thrilled to welcome them to IWG,” said Smith.

“We are thrilled to join the IWG organization. In doing so, the combination of IWG and Owl will bring an unparalleled benefit to the industry, one with the broadest and deepest capabilities to better serve our customers’ needs,” said Bob Raiti, President of Owl Wire and Cable.

© 2019 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.

Berkshire Hathaway-Owned Company Gets Help From ITC With Order Banning Importation of Patent Infringing Water Filters

(BRK.A), (BRK.B)

The U.S. International Trade Commission (“ITC”) has issued an order banning the importation of refrigerator water filters that infringed patents owned by Berkshire Hathaway’s KX Technologies LLC and licensed to Electrolux Home Products, Inc.

KX Technologies is a global leader in the design and production of drinking water filtration products including under-sink and countertop filtration units, point-of-use and point-of-entry systems, and refrigerator water and ice filtration systems.

“This is a significant win for KX Technologies and an even bigger win for American consumers,” said KX President Jerome Barrillon.

Barrillon cited a recent study by the Association for Home Appliance Manufacturers, which concluded that “counterfeit refrigerator water filters pose a serious risk to consumer health and safety.” The study revealed these counterfeit filters have “an overwhelming failure to remove harmful contaminants” that could harm the well-being of American consumers.

“KX is committed to upholding NSF-certified standards in our technologies and products to deliver safe, high quality water,” Barrillon said. “This important ruling will help ensure consumers can purchase water filters with confidence in the product’s performance.”

To help stop the flow of counterfeit filters into the U.S., on June 8, 2018, KX joined Electrolux in filing a complaint requesting that the ITC investigate the importation of infringing water filters into the country.

Section 337 of the Tariff Act of 1930 provides for the investigation of any unfair act in the importation of articles into the U.S., including the enforcement of intellectual property rights. If the ITC finds a violation of Section 337, it may issue (1) an exclusion order banning importation of the infringing goods and/or (2) a cease-and-desist order preventing the sale and distribution of the infringing goods, subject to severe civil penalties.

Because the infringing water filters were so numerous and the sources of the products were difficult or impossible to identify, the ITC issued a sweeping “General Exclusion Order” banning infringing water filters from any source, even if the party seeking to import the products was not specifically named in the investigation. The ITC also issued cease-and-desist orders preventing certain named parties from any commercial activity involving the infringing filters.

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.

Berkshire Hathaway Acquires Provider of Specialty Medical Devices

(BRK.A), (BRK.B)

Berkshire Hathaway’s Marmon Holdings, Inc., has acquired a majority interest in the Colson Medical Companies, a global provider of specialty medical devices, from Colson Associates, Inc.

The purchase price was not disclosed.

Marmon acquired 60 percent of the Colson Medical Companies and will acquire the remaining 40 percent over the next five years.

Colson Associates was founded by the late Robert Pritzker, a long-time Chicago business and civic leader. Mr. Pritzker co-founded Marmon in 1953 and served as CEO until 2002. Upon concluding his five-decade Marmon career, he formed Colson Associates, at which time he acquired the Colson Medical Companies and other businesses from Marmon. He led Colson Associates until his passing in 2011.

Colson Medical provides highly-engineered plates, screws, and related precision tools for orthopedic surgery through its six businesses: Acumed, OsteoMed, MicroAire, Precision Edge, Apex, and Skeletal Kinetics. All but Apex and Skeletal Kinetics were acquired under Marmon between 1979 and 1999. The companies employ more than 1,300 people at locations in the U.S., China, the U.K., Spain, and Germany.

“We are excited to welcome the Colson Medical Companies back home to Marmon,” said Marmon Chairman and CEO Angelo Pantaleo. “Their innovative, proprietary products and processes and outstanding reputation make them an ideal fit for Marmon and provide our organization with another strong growth platform.”

Warren Buffett, Chairman and CEO of Berkshire Hathaway Inc., added: “We couldn’t be more pleased about Marmon’s acquisition of Colson Medical. The specialty medical device market is an attractive growth opportunity and the Colson businesses are highly regarded. Berkshire and Marmon will provide a home where these businesses can continue to flourish.”

The acquired companies will become a new sector within Marmon, led by Colson’s current President, Chris Smith.

“Our dad would be pleased to know that Colson Medical is going back home,” Karen and Linda Pritzker said in a joint statement. “Marmon shares the values and ethics on which Colson Associates was founded and we believe Colson will have the best possible future under Marmon’s ownership.”

Chicago-based Marmon Holdings is a global industrial organization comprising 10 diverse business sectors and more than 125 autonomous manufacturing and service businesses. Revenues exceeded $8.1 billion in 2018.

© 2019 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.

 

Berkshire Hathaway Acquires Transco Railway Products

(BRK.A), (BRK.B)

Berkshire Hathaway’s Marmon Holdings, Inc. has announced the acquisition of Transco Railway Products Inc., a railcar repair business with operations across the northern U.S., from Transco Inc. Financial terms were not disclosed.

Chicago-based Transco Railway Products provides railroad tank car and freight car repair and maintenance, auto-rack certification, and hopper car cleaning at seven repair shops located in the Great Lakes region, Iowa, and Montana. The company also provides components to the freight car industry from a fabrication site in Ohio. The business was founded in 1936 as a provider of replacement parts for railcars.

The acquired company will continue to operate as Transco Railway Products within Marmon’s Rail & Leasing sector, whose companies provide railroad tank car manufacturing, leasing, and repair services; intermodal tank containers; in-plant rail switching and loading/unloading services; track installation and maintenance services; and steel tank heads and cylinders for markets including energy, chemical, petrochemical, agricultural, and transportation.

Marmon’s Railcar Repair Services group offers the largest railroad tank car repair and maintenance network in North America.

“We are excited to acquire a company with such a solid reputation in the railcar repair arena,” said Bill Merrill, President of Marmon Railcar Repair Services. “Our goal is to leverage Marmon’s resources to help Transco Railway Products expand its business in both freight and tank car repair.”

Bob Nelson, current President of Transco Railway Products, will continue to lead the business. “We have significantly invested in our repair network over the past several years, allowing us to grow,” Nelson said. “With Marmon’s backing, we look forward to further growth to better serve our existing and new customers.”

Marmon Rail & Leasing is part of Marmon Holdings, a global industrial organization comprising 10 diverse business sectors and more than 100 autonomous manufacturing and service businesses with revenues of more than $8.1 billion in 2018.

© 2019 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.

Marmon Crane Services Acquires Texas-Based Joyce Crane

(BRK.A), (BRK.B)

Marmon Crane Services has acquired Texas-based Joyce Crane. Marmon Crane Services is a unit of Berkshire Hathaway’s Marmon Holdings.

Headquartered in Longview, Texas, with additional locations in Texas, Arkansas, and Louisiana, Joyce Crane serves the heavy duty lifting and rigging needs of refineries, petrochemical companies, and power and manufacturing plants throughout the South and across the country.

“We are excited to welcome Joyce Crane and its employees to Marmon’s global portfolio of crane businesses,” said John Roberts, Sector President of Marmon Crane Service. “Joyce Crane is a company with a strong brand and an excellent service record, and we look forward to its continued growth under Marmon’s ownership.”

The company will continue to operate under the Joyce Crane name and brand. Staff and leadership, including founder Joe Bob Joyce, will remain the same with business support by Marmon Crane Services management.

“This is a very exciting time for Joyce Crane. This agreement is a positive move that will strengthen both companies and benefit all of Joyce Crane’s stakeholders, including our employees, clients, and vendors,” said Joe Bob Joyce, President. “We also remain steadfast in our commitment to the communities where we live and do business.”

Marmon Crane Services is headquartered in Chicago. The company owns and operates one of the largest fleets in the world with more than 1,200 mobile cranes. Its current companies include Procrane and Sterling Crane in Canada and the United States; Advantage Crane, based in Victoria, British Columbia; Freo Group, based in Kwinana, Western Australia; and WGC Cranes, based in Wollongong, New South Wales. Marmon’s crane business originated with Sterling Crane in western Canada in 1954.

Marmon Crane Services is part of Marmon Holdings, Inc., a Chicago-based diversified holding company with operations in 23 countries and 2018 revenues exceeding $8 billion.

Marmon Holdings is a subsidiary of Berkshire Hathaway Inc.

© 2019 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.

Fontaine Modification Acquires Truck Upfitter ProBilt Services of Ohio

(BRK.A), (BRK.B)

Fontaine Modification has acquired truck upfitter ProBilt Services of Ohio, Inc., along with the company’s 30,000 sq. ft. facility located less than half a mile from the Kenworth assembly plant in Chillicothe.

The facility, which also has parking for more than 100 trucks, becomes Fontaine’s ninth U.S. modification center.

Fontaine Modification is a Marmon Highway Technologies (MHT) company, and part of The Marmon Group, a Berkshire Hathaway Company.

The team at Fontaine’s new Chillicothe facility will provide fleet in-servicing and vehicle modifications to Kenworth trucks. A ship-thru agreement with Kenworth means customers can have their modifications completed and their trucks made “ready to work” without additional transportation time and expense. Services include equipment and graphics installation, pre-delivery inspections, cab modifications and custom vehicle modifications.

“We’re excited to acquire this well-run operation with a good crew of technicians and a long list of happy customers,” says Paul Kokalis, Fontaine Modification president. “We look forward to putting our more than 30 years of truck post-production leadership to work for Kenworth customers around the country.”

Fontaine operates two additional modification centers in Ohio, one in Springfield and another in Avon Lake. The company also has three locations in North Carolina, two in Texas and one in West Virginia. Fontaine plans to retain ProBilt’s Chillicothe team.

“We’re proud of our Chillicothe team and the business relationships we have made there,” said Toney Fitzgerald, principle owner of ProBilt. “While we are sad to leave Chillicothe, we trust Fontaine Modification will nurture and grow this business to its full potential. This move allows us to focus on our home operation in Denton, Texas.”

© 2019 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.