Warren Buffett just bought another paint company

Written By limadu on Selasa, 07 April 2015 | 22.16

Buffett's company, Berkshire Hathaway (BRKA), is investing over half a billion in Axalta (AXTA), the second paint company it's bought. It's another seemingly boring investment from one of America's most successful all-time stock pickers.

Berkshire paid $560 million to the Carlyle Group, the largest shareholder of Axalta, for 20 million shares of the paint company. Buffett now has a 9% stake in Axalta, which saw its stock jump up 6% when markets opened Tuesday.

Carlyle took Axalta -- a former unit of DuPont (DD) -- public in November and the paint company's stock is up 43% since its opening day.

Buffett already owns paint company Benjamin Moore and he fired the CEO in 2012. The Oracle of Omaha's other "juicy" investments include: Nebraska Furniture Mart, Dairy Queen, Geico and Heinz.

Related: Buffett: No stock market bubble, but few bargains

Related: Buffett: I won't give millions to candidates

CNNMoney (New York) April 7, 2015: 11:01 AM ET


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