Hathaway Mills

Hathaway Mills, New Bedford, Massachusetts. This mill was originally built by Dartmouth Mfg. Co.
Hathaway Mills, Harbor Street side

The Hathaway Manufacturing Company was a producer of cotton textiles. In 1955, the company merged with Berkshire Fine Spinning Associates to form Berkshire Hathaway.

History

The company was founded in New Bedford, Massachusetts in 1888 by Horatio Hathaway, a China trader and whaler in the Pacific.[1]

Hathaway became the largest manufacturer of rayon suits.[2]

In 1955, the company merged with Berkshire Fine Spinning Associates of Adams, Massachusetts to form Berkshire Hathaway.[3]

In 1985, Berkshire Hathaway shut the last textile operations. A mill, sold in 1985 for $215,000, was torn down in January 2014 after failing to find a buyer.[4][5]

See also

References

  1. ^ "Mission, Vision & History". New Bedford Public Schools.
  2. ^ Lu, Yefei (2016). "Inside the Investments of Warren Buffett". Columbia University Press – via De Gruyter.
  3. ^ "TEXTILE CONCERNS PLANNING MERGER; Berkshire Associates and Hathaway Manufacturing Agree on Terms--Vote Set". The New York Times. February 16, 1955.
  4. ^ Udland, Myles (February 28, 2015). "The original Berkshire Hathaway mill was torn down and replaced by a parking lot". Business Insider.
  5. ^ Steve, DeCosta (January 14, 2014). "Historic Berkshire Hathaway mill is torn down". The Standard-Times. Archived from the original on January 16, 2014.