After Laurance A. See passed away, the remaining family members sought a buyer for their beloved company. Along came Berkshire Hathaway, run by Warren Buffett and Charles Munger. Warren and Charles greatly admired See's and were impressed by the brand's loyal customer base—not to mention the candy! Berkshire Hathaway purchased See's Candies in 1972.
Born in Omaha, Nebraska in 1930, Warren Buffett has been dubbed the most successful investor of the 20th century. From a young age, Buffett showed a keen interest in business and investing. His first ventures included selling gum, Coca-Cola and magazines door-to-door. He is now known as one of the world's wealthiest people.
Warren Buffett's love for See's Candies is no secret. He first tasted our candy in 1971 and has since called See's a "dream business." Happily for him, it's also one that keeps him supplied with Peanut Brittle and Chocolate Walnut Fudge!
Warren Buffett's investment partner and Vice Chairman of Berkshire Hathaway, Charles "Charlie" Munger says that See's taught him the power of a good brand—seeing the strong loyalty of our customers was a surprise, providing a vital lesson for Charlie and Warren in their early investment days.
Also from Omaha, Nebraska, Charlie was born in 1924 and studied mathematics at the University of Michigan. He served in the U.S. Army Air Corps as a meteorologist, and later graduated from Harvard Law School. He later moved to California with his family to work as a real estate attorney. When not busy with Berkshire, he even designs buildings! His work includes dorms at Stanford and University of Michigan, as well as his own home.