Kitchen Collection

NACCO Industries, Inc.

File:NACCO Industries logo.png
Company type	Public Company
Traded as	NYSE: NC Russell 2000 Index component
Founded	1913
Headquarters	Cleveland, Ohio , United States
Key people	J.C. Butler, Jr. (Chief Executive Officer)
Products	Service Mining
Revenue	US$140.0 million(FY 2019)
Operating income	US$56.1 million(FY 2019)
Net income	US$39.6 million(FY 2019)
Total assets	US$444.7 million(FY 2019)
Total equity	US$289.3 million(FY 2019)
Number of employees	2,400
Divisions	North American Coal Corporation
Website	www.nacco.com

NACCO Industries, Inc. is a publicly held American holding company based in Cleveland, Ohio. The company manages a collection of enterprises within the mining and natural resource sectors, organized into three primary segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining division operates surface coal mines through long-term service agreements with power producers and an activated carbon manufacturer. The North American Mining division delivers contract mining services and other value-added solutions to producers of aggregates, lithium, and various minerals. The Minerals Management segment focuses on advancing the development of the company’s oil, gas, and coal assets, earning revenue predominantly from royalty-based lease payments made by third parties. Additionally, NACCO provides environmental mitigation services related to stream and wetland restoration.

History

NACCO railcar at St. Valentin train station in Austria (2018)

The origins of NACCO Industries trace back to 1913 with the establishment of the Cleveland and Western Coal Company. In 1925, the firm was renamed The North American Coal Corporation (NACCO), dedicating its operations exclusively to coal until acquiring Yale Materials Handling Corporation in 1985. The following year marked the formation of a holding company structure under the name NACCO Industries, Inc. During the late 1980s, NACCO diversified into household products by acquiring Proctor Silex in 1988 and Hamilton Beach in 1990. In addition, its presence in materials handling was strengthened with the purchase of the Hyster Company in 1989. Yale Materials Handling Corporation and Hyster were merged to create Hyster-Yale Materials Handling, which was later spun off from NACCO in 2012. In 2017, NACCO divested Hamilton Beach Brands along with Kitchen Collections through a spin-off transaction.

External links

• Official website