|
Chubb Fire
Chubb Fire & Security is a British multinational corporation, multinational company that provides property protection and life safety equipment and services, including fire protection and security systems. It has been a subsidiary of APi Group Corporation since January 2022. History The company was founded by Charles Chubb (businessman), Charles and Jeremiah Chubb, who patented their Chubb detector lock in 1818. The company won a government competition for a lock which could not be opened other than by its own key. In 1835, the company produced its first Chubb safe at its factory in Wolverhampton, UK and, in the second half of the 19th century, the company expanded into the United States, and produced a time lock that was fitted to bank vaults across the country. In the 1800s, Chubb gained some important customers such as the Duke of Wellington and the Bank of England. Over the next one hundred years, the company turned out more than 2.5m locks. By the 1940s, Chubb expanded its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |