NACCO Industries

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
NACCO Industries, Inc.
Public Company
Traded asNYSENC
Russell 2000 Index component
Founded1913
HeadquartersCleveland, Ohio, United States
Key people
Alfred M. Rankin, Jr. (Chairman, President and Chief Executive Officer)
ProductsMining
RevenueIncreaseUS$3.3 billion(FY 2011)
IncreaseUS$174.1 million(FY 2011)
IncreaseUS$162.1 million(FY 2011)
Total assetsIncreaseUS$1.8 billion(FY 2011)
Total equityIncreaseUS$576.2 million(FY 2011)
Number of employees
9,300
DivisionsNorth American Coal Corporation, Hamilton Beach Brands, Kitchen Collection
Websitewww.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. Its subsidiaries include the North American Coal Corporation.

History[edit]

mini|Wagon of NACCO at train station St. Valentin, Austria (2018) NACCO Industries originated in 1913 with the incorporation of 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. NACCO Industries expanded into housewares with the purchase of Proctor Silex in 1988[1] and Hamilton Beach in 1990,[2] and expanded its presence in the materials handling industry by adding the Hyster Company in 1989.[3] Yale Materials Handling Corporation and the Hyster Company were combined to form Hyster-Yale Materials Handling, which was spun off in 2012.[4]. In 2017, NACCO spun off Hamilton Beach Brands and Kitchen Collections.

See also[edit]

References[edit]

  1. ^ "NACCO company history". NACCO Industries. Retrieved 26 September 2014.
  2. ^ "NACCO company history". NACCO Industries. Retrieved 26 September 2014.
  3. ^ "NACCO company history". Retrieved 26 September 2014.
  4. ^ Nacco Industries to complete Hyster-Yale spinoff to shareholders today

External links[edit]