holding company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
headquartered in
Chicago
(''City in a Garden''); I Will
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, map_caption = Interactive Map of Chicago
, coordinates =
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, subdivision_type = Country
, subdivision_name ...
,
Illinois
Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolita ...
; founded by
Jay Pritzker
Jay Arthur Pritzker (August 26, 1922 – January 23, 1999) was an American entrepreneur, conglomerate organizer, and member of the Pritzker family.
Early life and education
Pritzker was born in Chicago, Illinois to Jewish parents who emi ...
and
Robert Pritzker
Robert Alan 'Bob' Pritzker (June 30, 1926 – October 27, 2011) was an American businessman and member of the wealthy Pritzker family.
Biography
Pritzker was born to a Jewish family, the Pritzker family,Berkshire Hathaway
Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiu ...
group since 2013. It owns companies that produce transportation equipment, electrical components and other industrial components, and companies that provide services in the construction and retail sectors.
Tank car
A tank car ( International Union of Railways (UIC): tank wagon) is a type of railroad car (UIC: railway car) or rolling stock designed to transport liquid and gaseous commodities.
History
Timeline
The following major events occurred in t ...
manufacturing is a significant part of its business, products which are sold through its subsidiaries
Union Tank Car Company
Union Tank Car Company or UTLX is a railway equipment leasing, rail car maintenance, and rail car manufacturing company headquartered in metro Chicago, Illinois. A direct descendant of Standard Oil, the firm today is owned by Berkshire Hathaway.
...
in the United States and
Procor
Procor is a Canadian company producing railway shipping cars. It is Canada's largest private rail car rental fleet, with more than 30,000 conventional and special-purpose tank and freight cars.
Linked to Sparling Tank Car of Toronto, Procor w ...
in Canada. Berkshire Hathaway, which owns the largest freight railroad carrier in North America,
BNSF Railway
BNSF Railway is one of the largest freight railroads in North America. One of seven North American Class I railroads, BNSF has 35,000 employees, of track in 28 states, and nearly 8,000 locomotives. It has three transcontinental routes that ...
, acquired controlling interest in Marmon in 2007 and became sole owner six years later.
Origin and history
In 1953,
Jay Pritzker
Jay Arthur Pritzker (August 26, 1922 – January 23, 1999) was an American entrepreneur, conglomerate organizer, and member of the Pritzker family.
Early life and education
Pritzker was born in Chicago, Illinois to Jewish parents who emi ...
and
Robert Pritzker
Robert Alan 'Bob' Pritzker (June 30, 1926 – October 27, 2011) was an American businessman and member of the wealthy Pritzker family.
Biography
Pritzker was born to a Jewish family, the Pritzker family, The name of the company was changed to Marmon Group in 1964, after the acquisition of
Marmon-Herrington
The Marmon-Herrington Company, Inc. is an American manufacturer of axles and transfer cases for trucks and other vehicles. Earlier, the company built military vehicles and some tanks during World War II, and until the late 1950s or early 1960s wa ...
. Major acquisitions by Marmon Group have included Cerro Corporation (1976) and
TransUnion
TransUnion is an American consumer credit reporting agency. TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries including "200 million files profiling nearly every credit-active consum ...
(1981). In 2007, the
Pritzker
The Pritzker family is an American family engaged in entrepreneurship and philanthropy, and one of the wealthiest families in the United States of America (staying in the top 10 of ''Forbes'' magazine's "America's Richest Families" list since the ...
family sold a 60 percent interest in Marmon Group to
Berkshire Hathaway
Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiu ...
, with plans for Berkshire to acquire the remaining 40% over the course of the next 5–6 years; the remaining minority stake was purchased by Berkshire in 2013.
Subsidiaries
The following is a list of subsidiaries of the Marmon Group:
* Amarillo Gear Company LLC
** Amarillo Gear Service
* Amarillo Wind Machine LLC
* Anderson Copper and Brass Company LLC
* Astha Sterling Crane Plc (India)
** Procrane Sales Inc.
* Atlas Bolt & Screw Company LLC
* Big Red Rooster Flow
* Cable USA LLC
* Campbell Hausfield
* Cannon Equipment
* Catequip S.A.S and Cat'Serv S.A.R.L
* CCPI Europe Ltd
* Cerro Electrical Products
* Cerro E.M.S
* Cerro Fabricated Products LLC
* Cerro Flow Products LLC
* Cerro Plumbing Products
* Cerro Wire LLC
* Commercial Zone Products
* Comtran Cable LLC
* DCI-Artform
** Sloane Retail Solutions
* Dekoron Unitherm LLC
* Dekoron Wire & Cable LLC
* Display Technologies LLC
* Dominioni
* Ecodyne Heat Exchangers LLC
* Ecodyne Ltd
* EcoWater Canada Ltd
* EcoWater Systems Europe
* EcoWater Systems LLC
* Eden
* Enersul Inc.
* Epuro
* EXSIF Worldwide Inc.
* Filtrex Technologies
* Focused Technology Solutions,Inc.
* Fontaine Commercial Trailer Inc.
* Fontaine Fifth Wheel Company
* Fontaine Modification Company
* Fontaine Spray Suppression Company
* Freo Group Pty Ltd (Australia)
* Gendon Polymer Services Inc.
* Graver Technologies LLC
* Graver Water Systems LLC
* Harbour Industries LLC
* Jomac Canada
* Joyce Crane
* Koehler-Bright Star LLC
* KX Technologies LLC
* L.A. Darling Company LLC
* Leader Metal Industry Co. Ltd
* Lindenau Full Tank Services GmbH
* M/K Express Company LLC
* Marmon Aerospace & Defense, LLC, dba RSCC Aerospace and Defense
* Marmon Foodservice Technologies, Inc.
** Cornelius
** Prince Castle
*** Silver King
* Marmon Utility LLC (Hendrix)
** Hendrix Wire and Cable, Inc.
* Marmon Utility LLC (Kerite)
* Marmon/Keystone Canada Inc.
* Marmon/Keystone LLC
** Bushwick Metals LLC
*** AZCO Steel
*** Bushwick-Fisher Steel Company
*** Bushwick-Koons Steel
*** Tarco Steel
** Future Metals LLC
* Marmon-Herrington Company
* McKenzie Valve & Machining LLC
* Midwest Plastic Fabricators
* Nylok LLC
* Owl Wire and Cable LLC
* Pan American Screw LLC
* Penn Aluminum International LLC
* Penn Machine Company LLC
* Perfection
* Procoves Industrie
* Project CSI
* Radiant-RSCC Speciality Cable Private Ltd (India)
* Railserve Inc.
** Ameritrack Rail
* RLS Press Fittings
* Robertson Inc.
* RSCC Wire & Cable LLC
* Sisu Axles Inc.
* Sonnax Transmission Company, Inc.
* Sterling Crane (North America)
* Store Opening Solutions LLC
* Streater LLC
* TE Wire & Cable LLC
* Thorco Industries LLC
* 3Wire Group Inc.
* Trackmobile LLC
* Trade Fixtures LLC
* Transco Railway Products
* Triangle Suspension Systems Inc.
* TSE Brakes Inc.
* Tucker Safety Products
* Unarco Industries LLC
* Uni-Form Components Co.
*
Union Tank Car Company
Union Tank Car Company or UTLX is a railway equipment leasing, rail car maintenance, and rail car manufacturing company headquartered in metro Chicago, Illinois. A direct descendant of Standard Oil, the firm today is owned by Berkshire Hathaway.
...
** Procor Ltd
* UTLX Company
* Webb Wheel Products
* Wells Lamont Industrial
* Wells Lamont Retail Group
* Western Builders Supply Inc.