NACCO Industries
NACCO Industries is an American publicly traded holding company, headquartered in Cleveland, Ohio, involved in the mining, small appliance and specialty retail industries. Its subsidiaries include the North American Coal Corporation.
 | |
| Type | Public Company |
|---|---|
| NYSE: NC Russell 2000 Index component | |
| Founded | 1913 |
| Headquarters | , |
Key people | J.C. Butler (Chief Executive Officer) |
| Products | Mining |
| Revenue |  US$3.3 billion(FY 2011) |
| US$174.1 million(FY 2011) | |
| US$162.1 million(FY 2011) | |
| Total assets | US$1.8 billion(FY 2011) |
| Total equity | US$576.2 million(FY 2011) |
Number of employees | 9,300 |
| Divisions | North American Coal Corporation |
| Website | www |
History
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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
References
- "NACCO company history". NACCO Industries. Archived from the original on 13 March 2015. Retrieved 26 September 2014.
- "NACCO company history". NACCO Industries. Archived from the original on 8 December 2014. Retrieved 26 September 2014.
- "NACCO company history". Retrieved 26 September 2014.
- Nacco Industries to complete Hyster-Yale spinoff to shareholders today
