This article needs to be updated. (February 2022) |
M&F Worldwide Corp. is a privately held holding company based in New York City. It was incorporated in Delaware on June 1, 1988.[2] Formerly Power Control Technologies, Inc., the company was previously a New York Stock Exchange listed public holding company (MFW) that became part of the Ronald O. Perelman group of companies. It was acquired by private company MacAndrews & Forbes in 2011.[3]
 | |
| Company type | Subsidiary |
|---|---|
| Industry | holding company |
| Founded | June 1, 1988 |
| Headquarters | , USA |
Key people | Barry F. Schwartz, CEO Ronald O. Perelman |
| Products | checks, licorice products |
| Services | direct marketing, contact center |
| Parent | MacAndrews & Forbes |
| Subsidiaries | Harland Clarke Holdings Corp.[1] Mafco |
History
editMafco 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 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 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.[4]
In July 2013, the firm's main subsidiary, Harland Clarke, agreed to sell Harland Financial Solutions to Davis & Henderson for $1.2 billion.[5]
Subsidiaries
edit
- 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 (Delaware)[1]
- Data Management I LLC [6]
- Scantron Corporation (Delaware)[1]
- Valassis
- RetailMeNot
- Harland Clarke Corp. (Delaware)
- Flavors Holdings Inc. (Delaware)
- Mafco Worldwide Corp. (Delaware)
- Mafco Shanghai Corp. (Delaware)
- Pneumo Abex LLC (Delaware)
- Pneumo Abex Lessee Corp. (Delaware)
- Merisant Corp.
- PCT International Holdings Inc. (Delaware)
- EVD Holdings Inc. (Delaware)
- Concord Pacific Corp. (Maine)
- Centralia Holdings Corp. (Georgia)[7]
Foreign
editName 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) [7]
References
edit- ^ a b "New Brand in Financial Services Brings Industry's Most Expansive Lineup of Checks and Payment Products to its Clients". Harland Clarke Press Releases. Retrieved 2008-05-21.
- ^ M & F Worldwide CorpP (1997-12-31). "10-K ANNUAL REPORT" (text). SEC. p. 1. Retrieved 2008-05-21.
- ^ "M & F Worldwide Announces Completion of Acquisition by MacAndrews & Forbes Holdings Inc". Retrieved 16 April 2015.
- ^ "M & F Worldwide Corp. -- Company History". Funding Universe Company Histories. Retrieved 2008-05-28.
- ^ Euan Rocha (23 July 2013). "Davis + Henderson to buy Harland Financial for $1.2 billion". Reuters.
- ^ M & F Worldwide Corp. (2007-12-31). "Form 10-K Annual Repor". secinfo.com. Retrieved 2008-05-20.
- ^ a b "Form 10-K Annual Report EX-21.1 Subsidiaries". United States Securities and Exchange Commission. 2007-12-31. p. 1. Retrieved 2008-05-20.