Marmon Group
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Company type | Subsidiary |
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Industry | Transportation equipment, Electrical and other industrial components, Construction, Food, Beverage & Water, and Retail services |
Founded | 1953United States (as Colson Corporation) | in
Headquarters | 181 West Madison Street, , |
Key people | Frank Ptak (CEO) |
Owner | Berkshire Hathaway |
Website | www |
Marmon Group is an industrial United States holding company headquartered in Chicago, Illinois; founded by Jay Pritzker and Robert Pritzker in 1953 (as Colson Corporation), it has been held by the Berkshire Hathaway group since 2013.[not verified in body] It owns companies that produce transportation equipment, electrical components, and other industrial components,[not verified in body] and companies that provide services in the construction and retail sectors.[not verified in body] Tank car manufacturing is a significant part of its business,[not verified in body] products which are sold through its subsidiaries Union Tank Car Company in the United States[not verified in body] and Procor in Canada.[not verified in body] Berkshire Hathaway, which owns the second-largest freight railroad carrier in North America, BNSF Railway,[not verified in body] acquired controlling interest in Marmon in 2007 and became sole owner six years later.
Origin and history
In 1953, Jay Pritzker and Robert Pritzker acquired Colson Corporation, a struggling manufacturer with sales of $3m.[1][2] The name of the company was changed to Marmon Group in 1964, after the acquisition of Marmon-Herrington.[3] Major acquisitions by Marmon Group have included Cerro Corporation (1976) and TransUnion (1981).[1][3] In 2007, the Pritzker family sold a 60 percent interest in Marmon Group to Berkshire Hathaway, with plans for Berkshire to acquire the remaining 40% over the course of the next 5-6 years;[4] the remaining minority stake was purchased by Berkshire in 2013.[5][better source needed]
Subsidiaries
The following is a list of subsidiaries of the Marmon Group:[6]
- Amarillo Gear Company LLC
- Amarillo Gear Service
- Amarillo Wind Machine LLC
- Anderson Copper and Brass Company LLC
- Astha Sterling Crane Plc (India)
- Atlas Bolt & Screw Company LLC
- Cable USA LLC
- Campbell Hausfield
- Cannon Equipment[7]
- Catequip S.A.S and Cat'Serv S.A.R.L
- CCPI Europe Ltd
- Cerro Electrical Products
- Cerro E.M.S
- Cerro Fabricated Products LLC
- Cerro Flow Products LLC
- Cerro Plumbing Products
- Cerro Wire LLC
- Commercial Zone Products
- Comtran Cable LLC
- Cornelius
- DCI-Artform
- Sloane Retail Solutions
- Dekoron Unitherm LLC
- Dekoron Wire & Cable LLC
- Display Technologies LLC
- Dominioni[8]
- Ecodyne Heat Exchangers LLC
- Ecodyne Ltd
- EcoWater Canada Ltd
- EcoWater Systems Europe
- EcoWater Systems LLC
- Eden
- Enersul Inc.
- Epuro
- EXSIF Worldwide Inc.
- Filtrex Technologies
- Fontaine Commercial Trailer Inc.
- Fontaine Fifth Wheel Company
- Fontaine Modification Company
- Fontaine Spray Suppression Company
- Freo Group Pty Ltd (Australia)
- Gendon Polymer Services Inc.
- Graver Technologies LLC
- Graver Water Systems LLC
- Harbour Industries LLC
- IMPulse NC LLC
- Jomac Canada
- Koehler-Bright Star LLC
- KX Technologies LLC
- L.A. Darling Company LLC
- Leader Metal Industry Co. Ltd
- Lindenau Full Tank Services GmbH
- M/K Express Company LLC
- Marmon Utility LLC (Hendrix)
- Marmon Utility LLC (Kerite)
- Marmon/Keystone Canada Inc.
- Marmon/Keystone LLC
- Bushwick Metals LLC
- AZCO Steel
- Bushwick-Fisher Steel Company
- Bushwick-Koons Steel
- Tarco Steel
- Future Metals LLC
- Bushwick Metals LLC
- Marmon-Herrington Company
- McKenzie Valve & Machining LLC
- Midwest Plastic Fabricators
- Nylok LLC
- Owl Wire and Cable LLC
- Pan American Screw LLC
- Penn Aluminum International LLC
- Penn Machine Company LLC
- Perfection
- Prince Castle LLC
- Procoves Industrie
- Radiant-RSCC Speciality Cable Private Ltd (India)
- Railserve Inc.
- Ameritrack Rail
- RLS Press Fittings
- Robertson Inc.
- RSCC Aerospace & Defence
- RSCC Wire & Cable LLC
- Sisu Axles Inc.
- Sterling Crane (North America)
- Store Opening Solutions LLC
- Streater LLC
- TE Wire & Cable LLC
- Thorco Industries LLC
- 3Wire Group Inc.
- Trackmobile LLC
- Trade Fixtures LLC
- Triangle Suspension Systems Inc.
- TSE Brakes Inc.
- Tucker Safety Products
- Unarco Industries LLC
- Uni-Form Components Co.
- Union Tank Car Company
- UTLX Company
- Webb Wheel Products
- Wells Lamont Industrial
- Wells Lamont Retail Group
- Western Builders Supply Inc.
References
- ^ a b "Our History". Marmon.com. Retrieved 28 February 2017.
- ^ "Bob Pritzker Bio". ColsonAssociates.com. Retrieved 28 February 2017.
- ^ a b Labitan, Bud (2012). Moats : The Competitive Advantages of Buffett and Munger Businesses. Retrieved 28 February 2017.
- ^ Bajaj, Vikas (2007). "Rapidly, Buffett Secures a Deal for $4.5 Billion" (online, print). New York Times (December 26). Retrieved July 21, 2009.
- ^ "Berkshire's Corporate Performance vs. the S&P 500" (PDF). Berkshirehathaway.com. Retrieved 2016-01-20.
- ^ "Marmon Businesses in Alphabetical Order". Marmon.com. Retrieved 26 February 2017.
- ^ Haggerty, Ken. "Cannon Equipment acquired by Berkshire Hathaway's Marmon". CannonFalls.com. Retrieved 28 February 2017.
- ^ Holman, Jordyn. "Buffett's Marmon Buys Italy's Dominioni in Pasta-Equipment Wager". Bloomberg.com. Retrieved 28 February 2017.
External links