Berkshire Hathaway to buy Algona laminate factory
The Algona factory employs 30 people. All of them will be offered jobs by Berkshire Hathaway's Shaw Industries Group, said Formica spokesman Richard Wool.
Berkshire Hathaway won't get Warren, N.J.-based Formica's brand name, products or designs, he said.
Formica is seeking permission for the sale from the U.S. Bankruptcy Court in Manhattan. A hearing is scheduled for Feb. 5 and a final decision is expected Feb. 24.