NACCO Industries Company Description
An unlikely combination of strip mines, toaster ovens, and forklifts propels NACCO Industries. This parent company's NACCO Materials Handling Group (NMHG) makes Hyster and Yale forklifts. NACCO's Housewares division, one of the US's largest full-line producers of small kitchen appliances, includes subsidiaries Hamilton Beach (formerly Hamilton Beach/Proctor-Silex) and The Kitchen Collection. Another subsidiary, North American Coal (NACoal), mines lignite coal in the US and sells it to utilities. NACCO's chairman, president, and CEO, Alfred Rankin Jr., controls about 12% of the company.
View the Comprehensive Company Description for NACCO Industries
The Company Description provides a historical perspective of NACCO Industries's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of NACCO Industries's evolution in the marketplace.
