February 15, 1955: The Merger That Forged Berkshire Hathaway
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In this compelling installment of This Week in Wall Street History, host Todd M. Schoenberger highlights the origin of a future titan. On February 15, 1955, Berkshire Fine Spinning Associates merged with Hathaway Manufacturing Company—forming Berkshire Hathaway, a textile firm that was about to become the legendary investment vehicle of Warren Buffett.
What began as a consolidation of two struggling textile mills set the stage for an extraordinary corporate pivot. Fast forward: Buffett's initial purchases began in 1962, leading to a dramatic transformation from modest textile operations into one of the world’s most successful conglomerates.
This episode explores how a pivotal merger in mid-20th-century New England became the foundation for a holding company that now spans insurance, utilities, retail, and media—and serves as a case study in vision, patience, and strategic reinvention.
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