Berkshire's MiTek Buys Benson Industries, No Terms Disclosed

MiTek Industries (MiTek), a Berkshire Hathaway company (NYSE: BRK-A, NYSE:BRK-B), and the world's leading supplier of advanced engineered structuralconnector systems, equipment, software and services for the buildingcomponents industry announced today that it has acquired Benson Industries,LLC. Benson is the global leader in the design, pre-fabrication andinstallation of custom unitized curtain wall systems for high-end commercial,hotel, residential, governmental, and institutional buildings worldwide. MiTekis a subsidiary of Warren Buffett's Berkshire Hathaway Inc.“The acquisition of Benson extends MiTek's product offering into the globalhigh-rise commercial building construction market. Benson is a terrificaddition to the MiTek family,” stated Tom Manenti, Chairman and CEO of MiTek.“Lou Niles will continue to serve as Chief Executive Officer of Benson, alongwith Joe Aholt as Chief Operating Officer. The entire Benson management teamwill remain, and continue to lead the company. Benson will operate as aseparate subsidiary of MiTek,” Manenti commented.“We are delighted to be part of the MiTek and Berkshire Hathaway team,” saidLou Niles. “Their business philosophy and corporate culture are a perfect fitfor Benson. With the strength and backing of MiTek and Berkshire, we plan togrow the company through a series of strategic initiatives. This is truly anexciting combination, and together we will do remarkable things.”