
Duracell is owned by Berkshire Hathaway (NYSE: BRK.A, BRK.B), the conglomerate led by Warren Buffett and headquartered in Omaha, Nebraska. Berkshire Hathaway acquired Duracell from Procter & Gamble in 2014 in a transaction valued at approximately $4.7 billion. Duracell is headquartered in Bethel, Connecticut, and holds approximately 40% of the global alkaline battery market. The brand was founded in 1924 by scientist Samuel Ruben and businessman Philip Rogers Mallory.
Parent Company
Acquired
2014
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Duracell | Berkshire Hathaway | Wholly owned |
Duracell's origins date to the 1920s, when scientist Samuel Ruben and businessman Philip Rogers Mallory partnered to develop battery technology. Ruben was an inventor who developed mercury-based and alkaline battery chemistries. Mallory owned the P. R. Mallory Company of Burlington, Massachusetts, which manufactured electronic components. Their collaboration produced the first commercially viable alkaline manganese dioxide battery, which became the technical foundation for what would become Duracell.
During World War II, Ruben's mercury battery inventions were used extensively in military equipment, including walkie-talkies, mine detectors, and proximity fuzes. The Mallory company supplied millions of batteries to the U.S. military, establishing the company's manufacturing capabilities and reputation.
The Duracell brand name was introduced in 1964. The company focused on marketing alkaline batteries to consumers as longer-lasting alternatives to the carbon-zinc batteries that dominated the market at the time. The copper-topped cylindrical design, introduced in the 1970s, became one of the most recognizable product designs in consumer goods.
Ownership changed several times over the following decades. Kraft Foods acquired the Mallory company in 1978. In 1989, Kohlberg Kravis Roberts (KKR) acquired Duracell in a leveraged buyout, and the company went public in 1991. Gillette acquired Duracell in 1996 for $7.8 billion. Procter & Gamble then acquired Gillette in 2005 for $57 billion, making Duracell part of P&G's consumer products portfolio for nearly a decade.
In 2014, Berkshire Hathaway acquired Duracell from P&G. The transaction was structured as a share exchange: Berkshire transferred its P&G shares (worth approximately $4.7 billion) to P&G in exchange for the Duracell business, and P&G contributed $1.8 billion in cash to Duracell before the transfer. The deal closed in February 2016.
Under Berkshire Hathaway ownership, Duracell has focused on maintaining its market leadership in alkaline batteries while expanding into new product categories. The brand has introduced Optimum batteries with improved cathode technology, Duracell Ultra batteries for high-drain devices, and expanded its Procell professional line for commercial and industrial applications.
In 2023, Duracell launched its first major product line in the automotive category with Duracell Auto batteries, entering the car battery market through a partnership with East Penn Manufacturing. The company also expanded its presence in the hearing aid battery market with the Duracell Activated EasyTab line.
What does Berkshire Hathaway own?
Berkshire Hathaway owns a diverse portfolio of over 100 wholly-owned subsidiaries and significant equity investments. Key holdings include GEICO (auto insurance), BNSF Railway (freight transportation), Berkshire Hathaway Energy (utilities), Precision Castparts (aerospace components), Duracell (batteries), See's Candies (confectionery), Dairy Queen (fast food), and NetJets (private aviation). The company also holds substantial investments in publicly traded companies including Apple, Bank of America, and American Express.
Is Berkshire Hathaway publicly traded?
Yes. Berkshire Hathaway is publicly traded on the New York Stock Exchange under two ticker symbols: BRK.A (Class A shares) and BRK.B (Class B shares). Class A shares have significantly higher voting rights and are priced much higher than Class B shares. Class B shares were created in 1996 to make Berkshire stock more accessible to retail investors. The company has been publicly traded since 1988 and has never paid a dividend.
Who founded Berkshire Hathaway?
The original Berkshire Hathaway textile company was founded in 1839 by Oliver Chace in Valley Falls, Rhode Island. The modern Berkshire Hathaway was shaped by Warren Buffett, who began acquiring shares in 1962 and gained control in 1965, transforming the struggling textile manufacturer into a diversified holding company. The original textile operations were closed in 1985.
Where is Berkshire Hathaway headquartered?
Berkshire Hathaway is headquartered in Omaha, Nebraska, USA. The company has maintained its headquarters in Omaha since Warren Buffett took control, reflecting its commitment to a conservative, Midwestern approach to business despite its global scale. The corporate headquarters employs only approximately 25 people, reflecting the extreme decentralization of the organization.
How many companies does Berkshire Hathaway own?
Berkshire Hathaway owns over 100 wholly-owned subsidiaries across insurance, railroads, utilities, manufacturing, consumer products, and services. The exact number fluctuates as Berkshire makes new acquisitions and occasionally sells businesses. The company also holds significant minority stakes in publicly traded companies.
Who owns Berkshire Hathaway?
Berkshire Hathaway is owned by its shareholders, with no single controlling shareholder. Major institutional investors including Vanguard Group, BlackRock, and State Street hold significant stakes. Warren Buffett remains the largest individual shareholder and serves as Executive Chairman, while Greg Abel serves as CEO. The company has a widely dispersed shareholder base typical of large public corporations.
What is Berkshire Hathaway's revenue?
For full-year 2025, Berkshire Hathaway reported operating earnings of $44.49 billion, down from $47.44 billion in 2024. The decline was primarily driven by weaker insurance underwriting results. The company maintains one of the strongest balance sheets in corporate America with cash and equivalents exceeding $150 billion and insurance float exceeding $170 billion.
Who is the CEO of Berkshire Hathaway?
Greg Abel serves as CEO of Berkshire Hathaway, having succeeded Warren Buffett on January 1, 2026. Abel had long been considered Buffett's successor and previously led Berkshire's non-insurance operations. Warren Buffett remains Executive Chairman and continues to be involved in major capital allocation decisions.
Duracell has invested substantially in sustainability initiatives, particularly at its European manufacturing operations.
Carbon Reduction: Duracell's European plants have achieved approximately 80% lower CO2 emissions compared to 2014 levels. In September 2023, the company installed over 8,000 solar panels at its packaging and logistics center in Heist-op-den-Berg, Belgium, significantly reducing the facility's carbon footprint.
Nordic Swan Ecolabel: Duracell batteries manufactured in Belgium have earned the Nordic Swan Ecolabel, one of the world's most stringent environmental certifications. Certified products include AAA and AA Plus, AAA and AA Optimum, and 9V Plus batteries. The certification covers the entire product lifecycle, from raw material sourcing to manufacturing and disposal.
Packaging Reduction: Duracell has reduced plastic packaging for alkaline batteries from over 200 tons in 2020 to a projected 13 tons in 2025. All cardboard packaging is made from recycled materials. The company aims to be 100% plastic-free except for BabySecure Double Blister Pack packaging, where plastic serves a child safety function.
Product Longevity: Duracell reports a 30% improvement in battery performance since the early 2000s, meaning fewer batteries are needed for the same use cases. A 2021 Life Cycle Assessment by Quantis found Duracell batteries demonstrate up to 69% lower environmental impact across six indicators including climate change, fossil energy use, and water consumption.
Battery Recycling Programs: Duracell runs recycling education programs in multiple countries. The UK's "Big Battery Hunt" has engaged over 2,500 schools and collected 300 tonnes of batteries for recycling. Germany's "Batterie Challenge" has involved 98 schools and approximately 26,000 pupils, collecting 176 tonnes of batteries.
Child Safety: In 2023, Duracell formed a multi-year partnership with the European Academy of Paediatrics, extended through 2027, to raise awareness of battery ingestion dangers. The #PowerSafely campaign includes educational materials in 15 European languages.
Duralock Class Action Lawsuit (2014-2016): In 2014, consumers in Massachusetts filed a class action lawsuit against Duracell regarding its Duralock Power Preserve Technology and 10-year guarantee claims. The plaintiffs alleged that batteries with Duralock technology were falsely guaranteed to last 10 years without failure and might leak when used or stored normally. In 2016, U.S. District Judge Lucy Koh in San Jose, California dismissed the case, ruling that Duracell's 10-year guarantee was not a promise that batteries would never leak. The dismissal was upheld on appeal.
Battery Leakage Complaints: Alkaline battery leakage is an industry-wide issue. Duracell has received consumer complaints about batteries leaking and damaging electronic devices, documented through Better Business Bureau filings and online consumer forums. Some consumers have reported issues with Optimum batteries leaking and not lasting as expected. Duracell has continued to improve its battery formulations and construction to reduce leakage risk, but the problem has not been fully eliminated.
Environmental Impact of Disposable Batteries: Environmental groups have criticized the disposable battery industry for contributing to electronic waste and resource consumption. While Duracell has invested in recycling programs and sustainability initiatives, the fundamental product (single-use batteries) remains inherently less sustainable than rechargeable alternatives. Critics argue that battery manufacturers should do more to develop and promote rechargeable products.
Private Label Competition Controversy: Duracell has faced criticism for its pricing, which is significantly higher than private-label alternatives. Some consumer advocates argue that the performance difference between Duracell and store-brand batteries does not justify the price premium. Duracell defends its pricing by pointing to independent testing that shows its batteries last longer than most private-label alternatives in high-drain devices.
No Major Product Recalls: As of 2025, Duracell has not been subject to any large-scale CPSC-mandated product recalls of its alkaline batteries. The 2005 Durabrand DVD player recall (a Walmart brand, not Duracell) is sometimes confused with Duracell in online searches but is unrelated.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Interstate Battery System | USA | 1952 | Mass market | United states | All Genders | |
| Harman International | USA | 1946 | Mass market | Global | All Genders | |
| Lenovo | USA | 1928 | Mass market | Global | All Genders | |
| Berkshire Hathaway | USA | 1995 | Mass market | United states | All-ages | |
| Berkshire Hathaway | USA | 1956 | Mass market | United states | All Genders | |
| Berkshire Hathaway | USA | 1940 | Mass market | United states | All-ages |
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Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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