Marmon Group
Encyclopedia
Marmon Group is a United States
holding company
headquartered in Chicago
, Illinois
.
Marmon Group owns companies that produce electrical components, industrial components and transportation equipment, and provide services including construction and retail solutions.
and Robert Pritzker
acquired Colson Corporation. The name of the company was changed to Marmon Group in 1964 after the acquisition of Marmon-Herrington
. Major acquisitions by Marmon Group included Cerro Corporation in 1976 and TransUnion
in 1981. In 2007 the Pritzker family sold a 60 percent interest in Marmon Group to Berkshire Hathaway
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
headquartered in Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
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Marmon Group owns companies that produce electrical components, industrial components and transportation equipment, and provide services including construction and retail solutions.
History
In 1953 Jay PritzkerJay Pritzker
Jay Arthur Pritzker was an American entrepreneur and conglomerate organizer.-Biography:Pritzker was born in Chicago, Illinois, the son of Fanny and A. N. Pritzker. His brother was Robert Pritzker...
and Robert Pritzker
Robert Pritzker
Robert Alan Pritzker was a member of the wealthy Pritzker family.-Biography:His parents were Fanny and A. N. Pritzker, and his brothers were Jay and Donald. Robert Pritzker received a bachelor's degree in industrial engineering from the Illinois Institute of Technology in 1946 and an honorary...
acquired Colson Corporation. The name of the company was changed to Marmon Group in 1964 after the acquisition of Marmon-Herrington
Marmon-Herrington
The Marmon-Herrington Company, Inc. is an American-based 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 was a manufacturer of trucks and trolley buses...
. Major acquisitions by Marmon Group included Cerro Corporation in 1976 and TransUnion
TransUnion
TransUnion is the third largest credit bureau in the United States, which offers credit-related information to potential creditors. Like major competitors Equifax and Experian, TransUnion markets credit reports directly to consumers.- History :...
in 1981. In 2007 the Pritzker family sold a 60 percent interest in Marmon Group to Berkshire Hathaway
Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years,...
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