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.
Other 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).
Scott Fetzer operates as part of the "other manufacturing" segment of Berkshire Hathway. This segment generated nearly 25% of Berkshire's total revenue in 2012.
Despite its already wide and diversified reach, Scott Fetzer still wishes to grow through the use of acquisitions. In 2011 it appointed its COO with the new title of director of merger and acquisitions to achieve this goal.
▲ Show Less▼ Show Full Description