Saturday, July 31

Scott Fetzer

Berkshire Hathaway, Kirby, m&a, Markets, MI Exclusive, Private Equity, Right Lane Industrial, Scott Fetzer, vacuum cleaners, Warren Buffett

Warren Buffett’s Berkshire Hathaway sold Kirby after 35 years. The vacuum-cleaner company generated 5% of Berkshire’s profits at one point

Warren Buffett. Carlos Barria / Reuters Warren Buffett's Berkshire Hathaway sold Kirby after 35 years of ownership. The investor bought Scott Fetzer, the vacuum-cleaner brand's parent company, in 1986. Kirby once generated 5% of Berkshire's profits, and Buffett ranked it among his best businesses. See more stories on Insider's business page. Warren Buffett's Berkshire Hathaway recently sold Kirby after 35 years of owning the vacuum-cleaner company. The famed investor's conglomerate rarely sells businesses, and Buffett once prized Kirby as one of Berkshire's best subsidiaries, making the transaction a notable one.Berkshire sold Kirby to Right Lane Industries, an industrial holding company that seeks to acquire US-based manufacturing and industrial-services companies, invest in the...