M&F Worldwide
 |
|
| Subsidiary | |
| Industry | holding company |
| Founded | June 1, 1988 |
| Headquarters | New York, New York, 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 |
M&F Worldwide Corp. , formerly Power Control Technologies, Inc., was incorporated in Delaware on June 1, 1988[2] and was formerly a New York Stock Exchange listed public holding company (as MFW) that is now a part of the Ronald O. Perelman group of companies. It was acquired by the private company [3] MacAndrews & Forbes 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., which became publicly traded. Powers Control then acquired in 1996 Flavors Holdings Inc. for $180 million included the licorice business subsidiary, Mafco Worldwide Corp.
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]
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 (Delaware)[1]
- Data Management I LLC [5]
- Scantron Corporation (Delaware)[1]
- Harland Clarke Corp. (Delaware)
- Flavors Holdings Inc. Delaware
- Mafco Worldwide Corporation Delaware
- Mafco Shanghai Corporation Delaware
- Pneumo Abex LLC Delaware
- Pneumo Abex Lessee Corp. Delaware
- Merisant Corporation
- PCT International Holdings Inc. Delaware
- EVD Holdings Inc. Delaware
- Concord Pacific Corporation Maine
- Centralia Holdings Corporation Georgia [6]
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 [6]
Recent news
In July 2013, the firm’s main subsidiary, Harland Clarke, agreed to sell Harland Financial Solutions to Davis & Henderson for $1.2 billion.[7]
References
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