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M&F Worldwide

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Company based in New York City
This article needs to be updated. Please help update this article to reflect recent events or newly available information. (February 2022)
M & F Worldwide
Company typeSubsidiary
Industryholding company
FoundedJune 1, 1988
Headquarters,
USA
Key people
Barry F. Schwartz, CEO
Ronald O. Perelman
Productschecks, licorice products
Servicesdirect marketing, contact center
Parent MacAndrews & Forbes
Subsidiaries Harland Clarke Holdings Corp.[1]
Mafco

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]

History

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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., became publicly traded. Power Control then acquired Flavors Holdings Inc. in 1996 for 180ドル 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ドル.2 billion.[5]

Subsidiaries

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Logo of Harland Clarke
Name (state of Incorporation)
  • Harland Clarke Holdings Corp. (Delaware) – formerly CA Acquisition Holdings Inc.
  • 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

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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) [7]

References

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  1. ^ 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年05月21日.
  2. ^ M & F Worldwide CorpP (1997年12月31日). "10-K ANNUAL REPORT" (text). SEC. p. 1. Retrieved 2008年05月21日.
  3. ^ "M & F Worldwide Announces Completion of Acquisition by MacAndrews & Forbes Holdings Inc" . Retrieved 16 April 2015.
  4. ^ "M & F Worldwide Corp. -- Company History". Funding Universe Company Histories. Retrieved 2008年05月28日.
  5. ^ Euan Rocha (23 July 2013). "Davis + Henderson to buy Harland Financial for 1ドル.2 billion". Reuters.
  6. ^ M & F Worldwide Corp. (2007年12月31日). "Form 10-K Annual Repor". secinfo.com. Retrieved 2008年05月20日.
  7. ^ a b "Form 10-K Annual Report EX-21.1 Subsidiaries". United States Securities and Exchange Commission. 2007年12月31日. p. 1. Retrieved 2008年05月20日.

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