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Acme Brick Company is an American manufacturer and distributor of brick and masonry-related construction products and materials.Founder George E. Bennett (October 6, 1852 – July 3, 1907), chartered the company as the Acme Pressed Brick Company on April 17 1891, in Alton, Illinois, [1] although the company's physical location has always been in Texas.
Acme Brick Company: Materials and Construction 100% 2000/08/01 [2] ~$600 Million ($4,392.65 Million 2017) [3] [4] Alleghany Corporation: Insurance 100% 2022/10/19 [5] $11.6 billion [5] Included Alleghany subsidiary Kentucky Trailer, which designs and manufacturers trailers AltaLink: Electric Transmission 92% 2014/12/01 [6] C$3.24 Billion [7]
In June 2000, the company acquired Justin Brands, the parent company of Justin Boots, Acme Boots, and Acme Brick for $600 million in cash. [ 70 ] [ 71 ] Headquartered in Fort Worth, Texas , Acme manufactures and distributes clay bricks (Acme Brick), concrete block (Featherlite), and cut limestone (Texas Quarries).
The company merged with Acme Brick Company in 1968 to become First Worth Corporation. In 1972, John Justin Jr. was elected president and chairman of the board, and the company's name officially changed to Justin Industries, Inc.
During her divorce from Alexander, Verna fought for her business interests in Arkansas and maintained control of Malvern Brick and Tile. She returned to her home in Arkansas and continued to manage Malvern Brick and Tile until it was sold to Acme Brick in the 1970s. Garvan's personal corporation, ABCO, was dissolved after her death [2]
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The company was formed as a holding company for MidAmerican Energy Company.In 1999, Berkshire acquired a controlling stake. [5]David L. Sokol was CEO until early 2008. [6] He left Berkshire in 2011 after he personally made a $3 million profit from Berkshire Hathaway's purchase of Lubrizol.