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