Scott Fetzer Company
The Scott Fetzer Company is an American branding and marketing manufacturing firm.[1] It is headquartered in Cleveland suburb of Westlake, Ohio and owned by Berkshire Hathaway, which bought the company (then known as Scott & Fetzer) in early 1986 for about $400 million.[2] The business was started by George H. Scott and Carl S. Fetzer in 1914[3] as a machine shop under the name George H. Scott Machine Co.; the name changed to Scott & Fetzer Machine Co. in 1917 and Scott & Fetzer Co. in 1919. It began selling Kirby vacuum cleaners by 1922. The company began to expand and diversify into other areas by 1964.[4]
known to the public for its ownership of the Kirby brand and of the World Book encyclopedia, Scott Fetzer also controls more than a dozen other businesses, and in financial analysis has been noted over the years for its consistently high record of return on equity.[5]
Private subsidiary of Berkshire Hathaway | |
Industry | home products, education, industrial products |
Founded | 1914 |
Headquarters | Cleveland suburb of Westlake, Ohio |
Website | www |
The companies it owns include:
- Adalet
- Altaquip
- Arbortech
- Carefree
- CWP Technologies
- Douglas Quikut (maker of Ginsu knives)
- FRANCE power solutions
- Halex company
- Kingston
- Kirby Company
- Meriam
- Powerex
- Scot laboratories(sold to state industrial chemical on april 1,2019)
- Scott care
- STAHL
- United Consumer Financial Services
- Wayne Combustion Systems
- Wayne Water Systems
- Western Enterprises
- World Book
References
- scottfetzer. "The Scott Fetzer Company | High-quality products for the home & industry". The Scott Fetzer Company. Retrieved 2019-11-12.
- Richard W. Stevenson, "Berkshire to Buy Scott & Fetzer", The New York Times, October 30, 1985.
- "Bid for Scott & Fetzer Made". The New York Times. 1984-04-16. ISSN 0362-4331. Retrieved 2019-11-12.
- "Scott and Fetzer Co.", Encyclopedia of Cleveland History, Case Western University (accessed June 26, 2017).
- Robert G. Hagstrom (1997). The Warren Buffett Way: Investment Strategies of the World's Greatest Investor. John Wiley & Sons. pp. 15–16. ISBN 978-0-471-17750-0.
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