Buffett's Berkshire acquired Kaw Valley Homes
Buffett starts to buy home building companies! Actually, I did not see this news from many news sources, maybe it is just a small deal for the major media. But it means a lot to me, as stated in my previous post Buffett and Housing Market, Buffett seems to have better expectations for US housing market at that time, but now, the assumption is almost verified :)
Clayton Homes, a subsidiary of Warren Buffett’s Berkshire Hathaway, has acquired the Lawrence and Topeka locations of Kaw Valley Homes. Kaw Valley Homes has been
providing modular homes to families for nearly 35 years. It has 11 employees and engages more than 25 subcontractors the area to place homes in Kansas, Missouri, Nebraska and Colorado.
clayton homes
Clayton builds, sells, finances, leases and insures manufactured and modular homes and movable commercial and school buildings. It was founded in 1956 and acquired by Warren Buffett's Berkshire Hathaway Inc. in 2003 after Buffett read a book about the history of Clayton Homes.
Kevin Clayton, chief executive officer of Clayton Homes said, "We are delighted to have Allen and Dean join the Clayton family. We strive to be No. 1 in value and No. 1 in customer experience, and are thrilled to have such a successful and well-known family join us."
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