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Purolator Filters
MANN+HUMMEL Purolator Filters LLC, more commonly known as Purolator, is an American manufacturer of oil and air filters, based in Fayetteville, North Carolina. Since 2013, it has been a subsidiary of German filter manufacturer Mann+Hummel. Purolator manufactured and sold the first commercially available automotive oil filters starting in the 1920s. For several decades in the late 20th Century, Purolator operated a large North American courier business known as Purolator Couriers. Canadian courier Purolator Inc. and its subsidiary Purolator International are the successors of that business but have had no direct relationship with their former parent since 1987. History Foundation and early history The company was founded in 1923 as Motor Improvements, Incorporated in New York City. The company's Purolator (initially stylized ''PurOlator'' and sometimes ''Pur-O-Lator'') oil filtration device, invented in 1922 bErnest John Sweetlandref name="ML OF Anatomy"> and George H. Greenhalg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clarcor
CLARCOR Inc. was a manufacturer of filtration systems and packaging materials based in Franklin, Tennessee. founded in Rockford, Illinois as JL Clark Manufacturing Co. by John Lewis Clark in 1904. It had approximately 30 manufacturing and distribution sites in the United States. There were mainly two segments operating in the company: Engine/Mobile Filtration (providing air, fuel, transmission, and hydraulic fluid filters for engines, as well as dust collection cartridges), and Industrial/Environmental Filtration (providing filters for industrial process, pharmaceutical processes). Acquisitions and divestitures In 1999, CLARCOR bought the companies Purolator Products Air Filtration Company, Facet International, and Purolator-Facet Filter Products from Mark IV for USD $144.8 million. All three companies were former subsidiaries of Purolator Products and were related to the manufacture and sale of industrial filtration equipment. In March 2005, the company completed the acquis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arvin Industries
Meritor, Inc. is an American corporation headquartered in Troy, Michigan, which manufactures automobile components for military suppliers, trucks, and trailers. Meritor is a Fortune 500 company. In 1997, Rockwell International spun off its automotive business as Meritor. In 2000, ArvinMeritor was formed from the merger of Meritor Automotive, Inc., and Arvin Industries, Inc. On February 1, 2011, the company announced that it would revert its name to Meritor, Inc. in late March. The name change was successfully completed and launched on March 30, 2011. On February 22, 2022, Cummins announced to acquire Meritor for $3.7 billion. This is finished on August 3. Executive management Charles "Chip" McClure, former president and COO of Federal Mogul Corp., served as the CEO of Meritor from 2004 to 2013. Under his management, Meritor completed the divestiture of the passenger vehicle business segment in January 2011. This officially categorized this global manufacturer/supplier outsid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tomkins Plc
Tomkins plc was a multinational engineering company headquartered in London, United Kingdom. In July 2010 Tomkins was acquired by a Canadian consortium of private equity firm Onex Corporation and the Canada Pension Plan Investment Board. In July 2014, The Blackstone Group, the world's largest buyout firm, agreed to acquire The Gates Corporation, the largest division of Tomkins plc from Onex Corp. (OCX) and Canada Pension Plan Investment Board for $5.4 billion. History Tomkins was founded in 1925 as F.H. Tomkins Buckle Company, a small manufacturer of buckles and fasteners. It was first listed on the London Stock Exchange in 1956. In 1983, ex-Lord Hanson employee Greg Hutchings acquired a 22.9% stake in the company, and subsequently was appointed Chief executive. Hutchings expanded Tomkins in a classical conglomerate form through leveraged buyouts, and during the 1980s and early 1990s the company embarked on a succession of acquisitions which rapidly grew its revenue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emery Worldwide
Emery Worldwide Airlines was a cargo airline, once one of the leading carriers in the cargo airline world. Its headquarters were located in Redwood City, California. History Emery started in 1946 and was the first freight forwarder to receive a carrier certificate from the United States Government. For 40 years, Emery was the largest freight forwarder/integrated air carrier in the US. In 1987, Wilton, CT-based Emery acquired Purolator Courier, Inc., a leading provider of logistics services between the U.S. and Canada. In 1988, Towers Financial Corporation, led by its CEO Steven Hoffenberg and his consultant Jeffrey Epstein, unsuccessfully tried to take over Emery in a corporate raid with Towers Financial as their raiding vessel. Their bid failed. In 1989, Emery was acquired by Consolidated Freightways which gained U.S. rights to the Purolator name. In 2011 Purolator was renamed Purolator International. Emery had its planes grounded on August 13, 2001, due to poor aircraft fl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consolidated Freightways
Consolidated Freightways (CF) was an American multinational less-than-truckload (LTL) freight service and logistics company founded on April 1, 1929, in Portland, Oregon, and later relocated to Vancouver, Washington. Affectionately known as "CornFlakes", Consolidated Freightways was also the founder of the Freightliner line of heavy trucks, now owned by Daimler-Benz. At its height, the company possessed over 350 terminals, employing more than 15,000 truck drivers, dock workers, dispatchers and management. Consolidated Freightways was once the nation's number one long-haul trucking company and the 3rd largest-ever US bankruptcy filing, ceasing business in 2002. History Foundation and early history Consolidated Freightways was founded on April 1, 1929 by Leland James in Portland, Oregon. Originally a single truck LTL operation, in the early days James combined four local short-haul carriers in the Portland area into a single carrier. At the beginning, the company primarily ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada Post
Canada Post Corporation (french: Société canadienne des postes), trading as Canada Post (french: Postes Canada), is a Crown corporation that functions as the primary postal operator in Canada. Originally known as Royal Mail Canada (the operating name of the Post Office Department of the Canadian government founded in 1867, french: Poste Royale Canada), rebranding was done to the "Canada Post" name in the late 1960s, even though it had not yet been separated from the government. On October 16, 1981, the Canada Post Corporation Act came into effect. This abolished the Post Office Department and created the present-day Crown corporation which provides postal service. The act aimed to set a new direction for the postal service by ensuring the postal service's financial security and independence. Canada Post provided service to more than 16 million addresses and delivered nearly 8.4 billion items in 2016 and consolidated revenue from operations reached $7.88 billion. Delivery take ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Onex Corporation
Onex Corporation is an investment manager founded in 1984. The firm manages capital on behalf of Onex shareholders, institutional investors and high net worth clients around the world. As of September 30, 2022, Onex had approximately US$47.2 billion of assets under management. History Founder Gerry Schwartz had previously worked at Bear Stearns in New York City during the 1970s, under investor Jerome Kohlberg Jr., who later became a founding partner of Kohlberg Kravis Roberts. Schwartz returned to Canada, where he started working with Izzy Asper. Schwartz founded Onex in 1984 and took the company public in 1987. The firm focused on private equity investing in North America using capital from its balance sheet for the first 16 years of its history. In 2000, it started raising investment vehicles with third-party capital with the launch of ONCAP, which focuses on smaller and middle market opportunities. In 2003, the first Onex Partners fund was raised. Today, the majority of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Express
FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee. The name "FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express, which was used from 1973 until 2000. FedEx today is best known for its air delivery service, FedEx Express, which was one of the first major shipping companies to offer overnight delivery as a flagship service. Since then, FedEx also started FedEx Ground, FedEx Office (originally known as Kinko's), FedEx Supply Chain, FedEx Freight, and various other services across multiple subsidiaries, often meant to respond to its main competitor, UPS. FedEx is also one of the top contractors of the US government and assists in the transport of some United States Postal Service packages through their Air Cargo Network contract. FedEx's prominence in b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Parcel Service
United Parcel Service (UPS, stylized as ups) is an American multinational corporation, multinational package delivery, shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has grown to become a Fortune 500 company and one of the world's largest shipping couriers. UPS today is primarily known for its ground shipping services as well as the UPS Store, a retail chain which assists UPS shipments and provides tools for small businesses. In addition, UPS offers Air cargo, air shipping on an overnight or two-day basis and delivers to post office boxes through UPS SurePost, a subsidiary that passes on packages to the United States Postal Service for Last mile (transportation), last-mile delivery. UPS is the largest courier company in the world by revenue, with annual revenues around US$85 billion in 2020, ahead of competitors DHL and FedEx. UPS' main international hub, UPS Worldport i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mayne Group
Mayne Group was an Australian healthcare and logistics company. History Mayne Nickless was founded in Melbourne in 1886 by John Mayne and Enoch Nickless as a parcel delivery service. Within three months it was operating 10 horse drawn vans, by the end of year it had 52. Listed on the Australian Securities Exchange in 1926, it expanded to provide freight services to all Australian capital cities and ports. It also branched into armoured car cash deliveries and international logistics.The Armaguard story ArmaguardMilestones [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
