NACCO Industries

NACCO Industries Inc.
Public Company
Traded as NYSE: NC
Founded 1913
Headquarters Cleveland, Ohio, United States
Key people
 Alfred M. Rankin, Jr. (Chairman, President and Chief Executive Officer)
Products Lift trucks, small appliances, specialty retail, and mining
Revenue IncreaseUS$3.3 billion(FY 2011)
IncreaseUS$174.1 million(FY 2011)
IncreaseUS$162.1 million(FY 2011)
Total assets IncreaseUS$1.8 billion(FY 2011)
Total equity IncreaseUS$576.2 million(FY 2011)
Number of employees
 9,300
Divisions North American Coal Corporation, Hamilton Beach Brands, Kitchen Collection
Website www.nacco.com

NACCO Industries Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio, involved in the coal mining, small appliance and specialty retail industries. Its subsidiaries include the North American Coal Corporation, Hamilton Beach Brands, and Kitchen Collection.

History

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 NACCO Materials Handling Group, which was spun off in 2012.[4]

See also

References

  1. ↑ "NACCO company history". NACCO Industries. Retrieved 26 September 2014.
  2. ↑ "NACCO company history". NACCO Industries. Retrieved 26 September 2014.
  3. ↑ "NACCO company history". Retrieved 26 September 2014.
  4. ↑ Nacco Industries to complete Hyster-Yale spinoff to shareholders today
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