NACCO Industries

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NACCO Industries
Type Public Company
Traded as NYSENC
Founded 1913
Headquarters Cleveland, Ohio, United States
Key people Alfred M. Rankin, Jr. (Chairman, President and Chief Executive Officer)
Products Lift trucks, small appliances, specialty retail, and mining
Revenue IncreaseUS$3.3 billion(FY 2011)
Operating income IncreaseUS$174.1 million(FY 2011)
Net income IncreaseUS$162.1 million(FY 2011)
Total assets IncreaseUS$1.8 billion(FY 2011)
Total equity IncreaseUS$576.2 million(FY 2011)
Employees 9,300
Divisions North American Coal Corporation, Hamilton Beach Brands, Kitchen Collection
Website www.nacco.com

NACCO Industries is an American publicly traded holding company, headquartered in Cleveland, Ohio, involved in the coal mining, small appliance and specialty retail industries. As of 2007, the company is ranked in the Fortune 1000. Its subsidiaries include the North American Coal Corporation, Hamilton Beach Brands, Kitchen Collection, and NACCO Housewares Group.

History[edit]

NACCO Industries originated in 1913 with the incorporation of the The Cleveland and Western Coal Company. The name was changed to The North American Coal Corporation (NACCO) in 1925, and the company operated exclusively in the coal industry until the acquisition of Yale Materials Handling Corporation in 1985. This was followed in 1986 by creation of the holding company under the name NACCO Industries, Inc. In 1988, NACCO Industries expanded into housewares with the purchase of Proctor Silex and Hamilton Beach, and expanded its presence in the materials handling industry by adding the Hyster Company in 1989. Hyster-Yale was spun off in 2012.[1]

See also[edit]

Le Gourmet Chef

References[edit]

  1. ^ Nacco Industries to complete Hyster-Yale spinoff to shareholders today

External links[edit]