Berkshire Hathaway is a company mainly engaged in insurance business and has commercial activities in many other fields. The most important business is property and disaster insurance based on direct insurance and reinsurance amount. Berkshire Hathaway has many branches, including GEICO Company, a wholly-owned subsidiary acquired by 1996. It is the sixth largest auto insurance company in the United States and the tenth largest property/accident insurance company in the United States, with more than 4.7 million policyholders and 7.3 million insured cars. General Reinsurance Company is one of the four largest reinsurance companies in the world.
1In July, 1998, International Dairy Queen Company became a wholly-owned subsidiary of the Group. The company operates 6,000 franchise stores in the United States, Canada and other countries, dealing in specialty hamburgers, hot dogs, various milk desserts and drinks.
From June 5438 to February 2007, Berkshire Hathaway Inc, headed by Buffett, acquired 60% of the shares of Marmon Holdings Inc., Yikou's parent company. This company is a diversified industrial enterprise with an annual income of about 7 billion US dollars and more than 125 operating departments. Berkshire will also acquire the remaining shares of Marmon in stages before 20 14, and the final price will be determined according to Marmon's future performance.
Marmon Group, the parent company of Yikou, is an international alliance consisting of 130 enterprises operating independently in different industries. The total revenue of these enterprises reached $7 billion.
Marmon Group has about 65,438+08,000 employees and operates more than 250 production facilities, mainly located in North America, Britain, Europe and China. Each member enterprise provides its own experience and professional knowledge for alliance members according to its own management department structure.
This 1 1 department is:
Building wire construction line
Construction service
Distribution service
Engineering wires and cables; Cable engineering wire and cable
Mobile product, mobile product
Food service equipment
Ecodyne heat exchanger company.
Yidayin co., ltd
Ecodyne water treatment co., ltd
Canadian ecological water co., ltd
European eco-water system company
Yikou water system co., ltd
Greifer Technology Co., Ltd.
Grevo water systems ltd
KX technology co., ltd
Marmon Water LLC Marmon water treatment enterprise consists of three parts:
Household uses include Yikou in the United States, Yikou in Canada, Yikou in Europe and Yikou in Kunshan, China.
Separation technologies include KX, joint venture Kaifa Group,
Industry includes Ecodyne Co., Ltd., Ecodyne Water Treatment Company, Graver Water Systems Grave, Ecodyne MRM and Ecodyne UET, and Amarillo Gear Company (Gear