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The Boots That Came With the Bricks: Justin Brands at Berkshire cover

The Boots That Came With the Bricks: Justin Brands at Berkshire

Published Mon 07 September 2026 in Subsidiaries / Manufacturing
Tags: Justin Brands / Acme Brick / Warren Buffett

When Warren Buffett paid $570 million for Justin Industries in 2000, Wall Street assumed Berkshire wanted Acme Brick and would discard the cowboy boots. Instead, Justin Brands became the purest case study in Berkshire's anti-synergy model: letting shoe dogs make boots while brickmakers make bricks.

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