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Berkshire Fine Spinning Associates
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Berkshire Fine Spinning Associates
Berkshire Fine Spinning Associates (/ˈbɜːrkʃər/) was an American textile company. In 1955, the company merged with Hathaway Manufacturing Company to form Berkshire Hathaway.
The company was founded in 1889 as Berkshire Cotton Manufacturing Company by William and Charles Plunkett, the sons of William C. Plunkett, who owned several cotton mills.
The first mill built by the company was Berkshire Mill No. 1 in Adams, Massachusetts, which opened in June 1899. President William McKinley laid a cornerstone for the mill but was forced to cut his visit short by his wife's illness.
In 1929, Berkshire Cotton Manufacturing Company merged with the Valley Falls Company of Rhode Island, founded by Oliver Chace, to form Berkshire Fine Spinning Associates, which was then led by Malcolm Greene Chace.
In 1930, the company acquired King Philip Mills in Fall River, Massachusetts.
In 1931, the company acquired Parker Mills.
Unlike many New England textile companies that failed during the 1920s and 1930s, Berkshire Fine Spinning Associates survived the Great Depression intact.
At its peak in 1948, Berkshire earned $29.5 million and employed 11,000 workers at 11 mills, under the leadership of Malcolm Greene Chace Jr.
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Berkshire Fine Spinning Associates
Berkshire Fine Spinning Associates (/ˈbɜːrkʃər/) was an American textile company. In 1955, the company merged with Hathaway Manufacturing Company to form Berkshire Hathaway.
The company was founded in 1889 as Berkshire Cotton Manufacturing Company by William and Charles Plunkett, the sons of William C. Plunkett, who owned several cotton mills.
The first mill built by the company was Berkshire Mill No. 1 in Adams, Massachusetts, which opened in June 1899. President William McKinley laid a cornerstone for the mill but was forced to cut his visit short by his wife's illness.
In 1929, Berkshire Cotton Manufacturing Company merged with the Valley Falls Company of Rhode Island, founded by Oliver Chace, to form Berkshire Fine Spinning Associates, which was then led by Malcolm Greene Chace.
In 1930, the company acquired King Philip Mills in Fall River, Massachusetts.
In 1931, the company acquired Parker Mills.
Unlike many New England textile companies that failed during the 1920s and 1930s, Berkshire Fine Spinning Associates survived the Great Depression intact.
At its peak in 1948, Berkshire earned $29.5 million and employed 11,000 workers at 11 mills, under the leadership of Malcolm Greene Chace Jr.
