In Omaha, Nebraska today, a subsidiary of Berkshire Hathaway, the investment company owned by billionaire investor Warren Buffett, made plans to buy a restaurant food distributor on a national level.
The name of the company that they are purchasing is called Meadowbrook Meat Co. and it is part of The McLane Co. which is based out of Temple, Texas. They made an agreement to purchase the company this past Thursday. We don’t not know any of the terms of this deal at the time of this writing.
Meadowbrook Meat Co. is in fact based out of Rocky Mount, North Carolina, and it is actually one of the biggest distributors of restaurant food and supplies for major restaurant chains located all across the United States of America.
Grady Rosier, CEO of The McLane Co., tells us that the acquisition from Berkshire Hathaway will actually give the business a better chance to grow. And that will allow them to add to their already healthy portfolio of companies in the food and beverage business. Some of areas in which McLane distributes are tobacco, convenience store items, liquor and groceries.
Berkshire Hathaway roughly owns 80 different subsidiaries at this point in time. These companies include, but are not limited to, railroads, major insurance companies, utility companies, clothing companies, and jewelry companies to name just a few.