KEY POINTS:
Warren Buffett's investment company will pay $5.9 billion for a 60 per cent stake in industrial conglomerate Marmon Holdings, giving the US industrial sector a much-needed vote of confidence.
Marmon has more than 125 manufacturing and service businesses and is owned by trusts of the Pritzker family of Chicago, which developed the Hyatt Hotel chain. The company has its collective hands in businesses across the transportation, energy and construction markets, with products ranging from railroad tank cars to metal fasteners.
