Highland Homes sold to Berkshire Hathaway subsidiary

Highland Homes was acquired on May 2 by Berkshire Hathway subsidiary, Clayton Properties Group. The Polk and Osceola county assets traded for approximately $40 million.

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The Clayton home building group, a Berkshire Hathaway subsidiary, first entered the site-built business in the fall of 2015 with the purchase of 81 lots in Atlanta. The company recently sold its 500th site built home this past month. When seeking partners, Clayton Properties seeks companies whose values, goals and cultures align with its own.

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A Lakeland-based homebuilder has been acquired by a subsidiary of Berkshire Hathaway Inc. Highland Homes, founded by a father-and-son team in 1996, is now one of nine builders under the Clayton.

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Company Sector Ownership % acquisition date (yyyy/mm/dd) acquisition price notes acme brick company: Materials and construction 100% 2000/08/01 ~0 Million ($4,392.65 Million 2017): Applied Underwriters

Warren Buffett kicked off the question-and-answer session at the Berkshire Hathaway Inc. annual meeting Saturday by defending the practices of Clayton Homes Inc., a subsidiary and the. Clayton.

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