M&F Worldwide Corp. is a privately held

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

based in New York City. It was incorporated in

Delaware Delaware ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic and South Atlantic states, South Atlantic regions of the United States. It borders Maryland to its south and west, Pennsylvania to its north, New Jersey ...

on June 1, 1988. Formerly Power Control Technologies, Inc., the company was previously a

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

listed public holding company (MFW) that became part of the

Ronald O. Perelman Ronald Owen Perelman (; born January 1, 1943) is an American banker, businessman, investor, and philanthropist. MacAndrews & Forbes Incorporated, his company, has invested in companies with interests in groceries, cigars, licorice, makeup, car ...

group of companies. It was acquired by private company

MacAndrews & Forbes MacAndrews & Forbes Incorporated is an American diversified holding company wholly owned by billionaire investor Ronald Perelman. Current investments include leading participants across a wide range of industries, from cosmetics and entertainme ...

in 2011.

History

Mafco Holdings acquired Abex, Inc., an aircraft control system & hydraulic pump manufacturer, and then merged it into a Mafco subsidiary in 1995 while the aerospace subsidiary, Power Control Technologies Inc., became publicly traded. Power Control then acquired Flavors Holdings Inc. in 1996 for $180 million, which included the

licorice Liquorice (Commonwealth English) or licorice (American English; see spelling differences; ) is the common name of ''Glycyrrhiza glabra'', a flowering plant of the bean family Fabaceae, from the root of which a sweet, aromatic flavouring is ...

business subsidiary Mafco Worldwide Corp., which manufactures more than 70% of the worldwide licorice flavors. An Abex, Inc. subsidiary, Pneumo Abex Inc., merged through multiple transactions with Mafco Worldwide. Power Control Technologies was renamed M & F Worldwide in 1997. In 2000, Perelman proposed that Mafco Holdings' major share in

Panavision Panavision Inc. is an American motion picture equipment company (law), company founded in 1954 specializing in cameras and photographic lens, lenses, based in Woodland Hills, Los Angeles, Woodland Hills, California. Formed by Robert Gottschalk a ...

Inc. be sold to M & F Worldwide at Mafco Holdings' purchase price but was block by an M & F shareholder as the stock was trading at only 23% of that value. In July 2013, the firm's main subsidiary, Harland Clarke, agreed to sell Harland Financial Solutions to Davis & Henderson for $1.2 billion.

Subsidiaries

;Name (state of Incorporation) *Harland Clarke Holdings Corp. (Delaware) – formerly CA Acquisition Holdings Inc. **Harland Clarke Corp. (Delaware) ****Checks in the Mail, Inc. (Delaware) ****John H. Harland Company of Decatur (Georgia) ** Harland Financial Solutions (Oregon) **HFS Scantron Holdings Corp. (New York) ***

Scantron Corporation Scantron Corporation is an American company based in Eagan, Minnesota. Scantron provides assessment solutions and technology services for business, education, certification, and government clients. Scantron Assessment Solutions deals with scan ...

(Delaware) ****Data Management I LLC ** Valassis **

RetailMeNot RetailMeNot, Inc. (formerly Whaleshark Media) is an American multinational company headquartered in Austin, Texas, that maintains a collection of coupon web sites. The company was founded by Cotter Cunningham. The company owns RetailMeNot.com an ...

*Flavors Holdings Inc. (Delaware) ** Mafco Worldwide Corp. (Delaware) **Mafco Shanghai Corp. (Delaware) **Pneumo Abex LLC (Delaware) **Pneumo Abex Lessee Corp. (Delaware) **

Merisant Merisant is an American manufacturer of zero/low-calorie sugar substitutes. It is a wholly owned subsidiary of MacAndrews & Forbes and is headquartered in Chicago, Illinois. Merisant markets brands in over 90 countries including Equal and Candere ...

Corp. *PCT International Holdings Inc. (Delaware) *EVD Holdings Inc. (Delaware) *Concord Pacific Corp. (Maine) *Centralia Holdings Corp. (Georgia)

Foreign

Name of Subsidiary (Jurisdiction) *EVD Holdings S.A. (France) *Extraits Vegetaux Et Derives, S.A. (France) *Wei Feng Enterprises Ltd. (British Virgin Islands) *Xianyang Concord Natural Products Co. Ltd. (People's Republic of China) *Zhangjiagang Free Trade Zone MAFCO Liantai Biotech Co., Ltd. (People's Republic of China) *Mafco Weihai Green Industry of Science and Technology Co. Ltd. (40% owned) (People's Republic of China) *Scantron Canada, Ltd. (Canada) *Harland Israel Ltd. (Israel) *Harland Financial Solutions Worldwide Limited (Ireland)

References

{{DEFAULTSORT:MandF Worldwide Companies formerly listed on the New York Stock Exchange Holding companies based in New York City Conglomerate companies of the United States