The Marmon Group, LLC
-The Group comprises four companies consisting of 15 sectors and about 175 independent manufacturing and service businesses. The sectors producing automotive related products are Highway Technologies, Electrical & Plumbing Distribution Products, and Engineered Wire & Cable.
-As of December 31, 2014, Berkshire Hathaway Inc. owns substantially all of the Company's outstanding common stock.
-In the fourth quarter of 2012, Berkshire Hathaway Inc. acquired 10% of the outstanding shares of the Company for approximately USD 1.4 billion. In 2013, Berkshire Hathaway Inc. acquired an additional 9.7% of the Company for approximately USD 1.47 billion, of which USD 1.2 billion is payable in March 2014. Combined with a previous acquisition made in 2010, Berkshire Hathaway has a total ownership interest of approximately 99.7% in the Company and owns substantially all of the Company's outstanding common stock.
Fifth wheel coupling devices
Wheel end products
Transfer cases for all-wheel drive conversions
Clutches for the light vehicle and heavy-duty vehicle
Drawn aluminum tubing
Extruded aluminum shapes
|1953||The Marmon Group began when brothers Jay and Robert Pritzker acquired The Colson Corporation.|
|1964||The Marmon Group name was adopted after the acquisition of the Marmon-Herrington Company, successor to the Marmon Motor Car Company.|
|1976||Acquired Cerro Corporation to add businesses including automotive equipment, metal products and materials, electrical and electronic wire and cable and more.|
|1981||Acquired Trans Union Corporation to add businesses that manufacture and lease railroad tank cars and other products.|
|1980s - 90s||The Group companies expanded via internal investment and multiple smaller acquisitions where member businesses already had a presence.|
|2008||Berkshire Hathaway Inc. acquired majority interest in the Group.|
|2014||Marmon's diversified operations are reorganized into Berkshire's two business groups: Manufacturing group and Finance and financial products group.|
Supplemental Information 1
Note: A figure in brackets ( ) indicates a loss