Marmon Group
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| Type | Private |
|---|---|
| Industry | Electrical Components, Transportation Equipment, Services Construction & Industrial Components, Retail Solutions |
| Founded | United States (1953, as Colson Corporation) |
| Headquarters | 181 West Madison Street Chicago, Illinois, |
| Key people | Frank Ptak (CEO) |
| Owner(s) | Berkshire Hathaway (90%) Pritzker family (10%) |
| Employees | more than 20,000 people [1] |
| Website | www.marmon.com |
Marmon Group is a United States holding company headquartered in Chicago, Illinois.
Marmon Group owns companies that produce electrical components, industrial components and transportation equipment, and provide services including construction and retail solutions. Tank cars are a significant part of its business, sold through its subsidiaries Union Tank Car Company in the United States and Procor in Canada.
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History [edit]
In 1953 Jay Pritzker and Robert Pritzker acquired Colson Corporation. The name of the company was changed to Marmon Group in 1964 after the acquisition of Marmon-Herrington.[2] Major acquisitions by Marmon Group included Cerro Corporation in 1976 and TransUnion in 1981. In 2007 the Pritzker family sold a 60 percent interest in Marmon Group to Berkshire Hathaway.[3]
Selected subsidiaries [edit]
References [edit]
- ^ Marmon Group:About Us
- ^ Marmon Group:History
- ^ Bajaj, Vikas (December 26, 2007). "Rapidly, Buffett Secures a Deal for $4.5 Billion". New York Times. Retrieved July 21, 2009.
External links [edit]
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