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Oliver Chace (August 24, 1769 – May 21, 1852) was an American 18th and 19th-century businessman. He was the founder of several New England textile manufacturing companies in the early 19th century, including the Valley Falls Company, the original antecedent of Berkshire Hathaway, which as of 2019 is one of the largest and most valuable ...
May 9, 2004 · Oliver Chace founded what eventually would become Berkshire Hathaway as the Valley Falls Co., Valley Falls, Rhode Island. Chace gained his textile experience with Samuel Slater and started his first plant in 1806.
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May 22, 2014 · The man who founded the nucleus of Berkshire Hathaway, one of the largest companies in the world, was not an investor from Omaha named Warren Buffett but a self-made Yankee mill owner named Oliver Chace.
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The Valley Falls Company was founded in 1839 by Oliver Chace, in Valley Falls, Rhode Island, a historic mill village on both sides of the Blackstone River, within the modern-day town of Cumberland and city of Central Falls, Rhode Island.
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For the next seventy-three years the Chace family, specifically Oliver’s sons Harvey and Samuel B. Chace, built a textile empire here in Valley Falls. They began with two midsized stone mills but eventually built two massive brick textile complexes on either end of the Valley Falls dam.