WORLD BOOK ENCYCLOPEDIA INC (DEL)

  • Overview

Scott Fetzer can help you cut through a soda can, clean up the mess, and then read about the vacuum that exists in outer space. The diversified manufacturer of consumer, commercial, and industrial products is a holding company for a group of more than 20 businesses. Among its best known activities are Douglas/Quikut (maker of Ginsu knives), Kirby (vacuum cleaners), and World Book (encyclopedias and reference materials). Other holdings include Campbell Hausfeld (air compressors), Northland (electric motors), Stahl (commercial truck and crane equipment), Scot Laboratories (cleaning products), and Western Enterprises (gas fittings). Scott Fetzer is owned by Warren Buffett's Berkshire Hathaway.

Geographic Reach

The company supplies its products to customers in the US, Canada, and 15 other countries.

Operations

The Scott Fetzer companies are a diversified group of 20 businesses that manufacture, distribute, service, and finance a wide variety of products for residential, industrial and institutional use. Companies operating under the Scott Fetzer umbrella include Adalet (electrical cable, control panels, enclosures, and related accessories), Altaquip (small engines repairs), Arbortech (forestry truck manufacturing), France, (neon electrical power saving systems for the sign industry), and Wayne Water systems (lawn, pool, and sewage pumps and pump systems).

Sub-units include Albecca (which designs, makes and distributes a high quality, branded custom framing products, including wood and metal moulding, matboard, foamboard, glass, equipment and other framing supplies in the US, Canada and 15 countries outside of North America) and The Richline Group (which provides financial, operations, and marketing support to its four independent strategic business units: Richline Brands, LeachGarner, Rio Grande, and Inverness).

Financial Performance

Scott Fetzer operates as part of the "other manufacturing" segment of Berkshire Hathaway. This segment, which reported a growth of 9% in 2013, generated nearly 24% of Berkshire's total revenues.

Strategy

Despite its already wide and diversified reach, Scott Fetzer still looks to grow through the use of acquisitions that complement its existing businesses and through organic growth.

In 2013 subsidiary Adalet introduced a new explosion-proof instrument enclosure product.The new XIHNS stainless steel, explosion-proof instrument enclosure features an updated design and new features and options.

Company Background

The company was founded in 1914.

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WORLD BOOK ENCYCLOPEDIA INC (DEL)


233 N Michigan Ave #2000
Chicago, IL 60601-5519
Phone: 1 (312) 729-5800
www.worldbook.com

STATS


  • Employer Type: Unknown
  • Pres: Robert Martin

Major Office Locations

  • Chicago, IL

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