Berkshire Hathaway was founded in 1839 by Oliver Chance as the Valley Falls Company.
In 1929, the company merged with Berkshire Cotton to form Berkshire Fine Spinning Associates.
In 1955, the company merged with Hathaway Manufacturing to form Berkshire Hathaway.
In 1962, Warren Buffett began buying stock in Berkshire Hathaway. By 1964, he owned the majority of the company, which was failing.
In 1967, Buffett expanded the business into the insurance industry with the purchase of the National Indemnity Company.
In the late 1970s, the company acquired a large position in Government Employees Insurance Company (GEICO).
In 1985, Berkshire Hathaway ceased all textile manufacturing and became a holding company.
Today, Berkshire Hathaway owns many popular companies such as GEICO, Dairy Queen, NetJets and Fruit of the Loom. The company also owns substantial portions of Heinz, American Express, Coca-Cola and IBM.