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Precision Castparts deal reinforces Berkshire's transformation

The US$37.2b purchase of aerospace equipment maker underlines Mr Buffett's long-term vision to make his company an industrial giant

Published Mon, Aug 10, 2015 · 09:50 PM
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WEEKS from his 85th birthday, Warren Buffett is again seeking to reshape Berkshire Hathaway Inc with the next few decades in mind.

In a deal valued at US$37.2 billion, the second-richest man in the US has agreed to buy Precision Castparts Corp, which makes equipment for the aerospace and energy industries.

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