Scott Fetzer Company

The Scott Fetzer Company is a conglomerate headquartered in the Cleveland suburb of Westlake, Ohio and owned by Berkshire Hathaway, which bought the company (then known as Scott & Fetzer) in early 1986 for about $400 million.[1] The business was started by George H. Scott and Carl S. Fetzer in 1914 as a machine shop under the name George H. Scott Machine Co.; the name changed to Scott & Fetzer Machine Co. in 1917 and Scott & Fetzer Co. in 1919. It began selling Kirby vacuum cleaners by 1922. The company began to expand and diversify into other areas by 1964.[2]

Best known to the public for its ownership of the Kirby brand and of the World Book encyclopedia, Scott Fetzer also controls more than a dozen other businesses, and in financial analysis has been noted over the years for its consistently high record of return on equity.[3]

The companies it owns include:

  • Adalet
  • Altaquip
  • Arbortech
  • Carefree
  • CWP Technologies
  • Douglas Quikut (maker of Ginsu knives)
  • FRANCE power solutions
  • Halex company
  • Kingston
  • Kirby Company
  • Meriam
  • Powerex
  • Scot laboratories
  • Scott care
  • STAHL
  • United Consumer Financial Services
  • Wayne Combustion Systems
  • Wayne Water Systems
  • Western Enterprises
  • World Book

References

  1. ↑ Richard W. Stevenson, "Berkshire to Buy Scott & Fetzer", The New York Times, October 30, 1985.
  2. ↑ "Scott and Fetzer Co.", Encyclopedia of Cleveland History, Case Western University (accessed June 26, 2017).
  3. ↑ Robert G. Hagstrom (1997). The Warren Buffett Way: Investment Strategies of the World's Greatest Investor. John Wiley & Sons. pp. 15–16. ISBN 978-0-471-17750-0.
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