Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

1.On 27 November 2015 the European Commission received the notification of a proposed concentration pursuant to Regulation (EC) No. 139/2004 (the Merger Regulation) by which Berkshire Hathaway Inc. (Berkshire Hathaway) will acquire sole control of Precision Castparts Corp. (PCC) within the meaning of Article 3(1)(b) of the Merger Regulation.

The business activities of the undertakings concerned are as follows:

(a) Berkshire Hathaway has diverse business activities, including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services; and

(b) PCC is a worldwide manufacturer of complex metal components and products. PCC manufactures complex structural investment castings and forged components for aerospace markets, machined airframe components, and highly engineered, critical fasteners for aerospace applications, and manufactures airfoil castings for the aerospace and industrial gas turbine markets. PCC also is a producer of titanium and nickel superalloy melted and mill products for the aerospace, chemical processing, oil and gas, and pollution control industries, and manufactures extruded seamless pipe, fittings, and forgings for power generation and oil and gas applications.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.