Owned by the scott fetzer company, the kirby vacuum cleaner has been cleaning up everyday messes for more than 100 years. The kirby company remained the companys mainstay product until the 1960s when it began a program of expansion and acquisition. Scott fetzer company company profile, information, business. Education is world books commitment and its editorial team is world books strength. Each team member is dedicated to producing accurate and unbiased information by utilizing contemporary technological tools and following traditional practices of. In 1945, the world book became the property of field enterprises. Dealers are located in over 50 countries throughout the world. Several of the scott fetzer portfolio companies are in the greater cleveland area. Were a leading educational publishing and e learning company that leverages cuttingedge. Mike nichols overview mike nichols has been associated with ten companies, according to public records. The kirby company is a manufacturer of vacuum cleaners and home cleaning accessories, based in cleveland, ohio, usa. World book educational products inc and stahlscott fetzer company.
High profits in honesttogoodness manufacturing companies the companys scott fetzers success comes from the managerial expertise of ceo ralph scheythe reasons for ralphs success are not complicated. The companies were formed over a fiftyone year period with the most recent being incorporated one year ago in november of 2017. It is part of berkshire hathaway, thus we have to follow big companies route, but it was a small team in the little manufacturing plant, so we worked on everything from processing invoices, to generating financial statement and analyzing all the data, from reconciliation to assisting with audit and report tax, even. The scott fetzer company company profile westlake, oh. Truck bodies stahl truck bodies truck bodies, utility bodies. View don kellers profile on linkedin, the world s largest professional community. Nardy will work closely with the company s operating units to identify acquisition opportunities.
Were a leading educational publishing and elearning company that. Scott fetzer names chief operating officer and director of. Nine of the companies are still active while the remaining one is now listed as inactive. Oct 02, 2019 ken semelsberger, ceo of scott fetzer co. Scott fetzer produced everything from ginsu knives and the world book encyclopedia to kirby vacuum. Robert mcbride chief executive officer for stahlscott. The 1917 edition was published by the hansonroachfowler company, but within two years, world book became the property of w. 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. Since 1955, when the first fortune 500 was created, more than 1,800 companies have appeared on the list. Today, scott fetzer is a diversified manufacturer and marketer of highquality products for the home, family, and industry comprised of more than 20 brands. Each team member is dedicated to producing accurate and unbiased information by utilizing contemporary technological tools and following traditional. Compare how recessionproof scott fetzer is relative to the industry overall. Two of the companies are still active while the remaining seven are now listed as inactive. Education is world book s commitment and its editorial team is world book s strength.
Scott fetzer company and 11 related entities entities finder. Within the scott fetzer manufacturing group, particularly fine progress was recorded at its largest unit, campbell hausfeld. Inventor jim kirby, also from cleveland, partnered with the businessmen to. The companies were formed over a fiftyone year period with the most recent being incorporated two years ago in july of 2017. A years experience has added to my enthusiasm for both. For more than 20 years, semelsberger has gone to the clinic for his executive physical i first as a division president and now as a ceo who continues to offer the health benefit to his 26 top leaders and presidents. Information on acquisition, funding, investors, and executives for the scott fetzer. Berkshire purchased scott fetzer at the beginning of 1986. Were a leading educational publishing and elearning company that leverages cuttingedge technology to provide authoritative, trustworthy, and understandable content in the school and library. World book awardwinning encyclopedias, childrens books. Returns on the capital entrusted to ralph continue to be exceptional. The world book encyclopedia was first published in 1917. Scott fetzer s main operations are world book, kirby, and campbell hausfeld, but many other units are important contributors to earnings as well. According to the company, its mission is to enhance learning and reading for children around the world by developing trustworthy, engaging content to create products that will engage children of all ages at home, on the go, in the classroom or in libraries worldwide.
The scott fetzer company highquality products for the. Berkshire was an omahabased holding company managed by ceo and. Back in 1986, he acquired the scott fetzer company, a collection of 22 separate businesses. Writing in his 1986 letter to investors, buffett said. All content is posted anonymously by employees working at scott fetzer. World book encyclopedia wikipedia republished wiki 2. Find related and similar companies as well as employees by title and much more. The bestknown of scott fetzer companys businesses in the mid1990s included world book encyclopedias and kirby vacuum cleaners.
The world book encyclopedia is an encyclopedia published in the united states. Robert mcbride overview robert mcbride has been associated with nine companies, according to public records. Use the pitchbook platform to explore the full profile. Scott fetzers main operations are world book, kirby, and campbell hausfeld, but many other units are important contributors to earnings as well. Originally in textiles, berkshires reach has extended to insurance, retailing, manufacturing, publishing, and banking. The scott fetzer company began as a machine shop in 1914 in cleveland, ohio, founded by george scott and carl fetzer. World book encyclopedia wikimili, the free encyclopedia. That year, the company had a sales force of 60,000 and vastly outsold encyclop. Why warren buffett looks to growth and management when investing book. Kirby company project gutenberg selfpublishing ebooks. Fetzer in 1914 as a machine shop under the name george h.
Its world book is the largest selling print encyclopedia in the world by numerical volume. Vacuum cleaners were the companys mainstay until it went on an acquisition spree in the 1960s and emerged with 31 businesses. Last year i reported to you enthusiastically about the businesses of scott fetzer and about ralph schey, its manager. The scott fetzer company highquality products for the home. American made and world renown, the kirby company has been manufacturing high performance, long lasting vacuum cleaners since 1914. Company profile page for world book scott fetzer co inc including stock price, company news, press releases, executives, board members, and contact information skip to content skip to content. In 1914, the scott fetzer company began as a machine shop in cleveland, oh founded by george scott and carl fetzer. Scott fetzer company wikimili, the free encyclopedia. The company was founded in 1917, and is a subsidiary of diversified manufacturer scott fetzer company, itself a subsidiary of. Since 1946, stahl scott fetzer company has been manufacturing durable, rugged truck bodies that provide years of dependable service. We found that seven names were listed as license holders, located at this address. Shortly after, inventor jim kirby, also from cleveland, partnered with the businessmen to produce the first kirby vacuum cleaner. At the 1996 berkshire hathaway annual meeting of shareholders, when asked about the prospects for world book, buffett replied by saying. Kirbys products are only sold via inhome doortodoor demonstrations.
In 1978, world book was purchased by scott fetzer company, an ohio conglomerate that left the encyclopedia company in chicago. Annual report on scott fetzers revenue, growth, swot. Oct 22, 2012 back in 1986, he acquired the scott fetzer company, a collection of 22 separate businesses. Today, scott fetzer is a diversified manufacturer and marketer of highquality products for the home, family. Best 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. The diversified manufacturer of consumer, commercial, and industrial products is a holding company for a group of more than 20 businesses. Inventor jim kirby, also from cleveland, partnered with the businessmen to produce the first kirby vacuum cleaner. Explore the the scott fetzer company business page in cleveland, oh.
Focused on long term investments and diversified product lines that help to make the world a healthier and more beneficial. The best known of scott fetzer company s businesses in the mid 1990s included world book encyclopedias and kirby vacuum cleaners. We found 94 companies that listed this address in corporate registration documents. Vacuum cleaners were the company s mainstay until it went on an acquisition spree in the 1960s and emerged with 31 businesses. In 1978, world book was purchased by scott fetzer company, which in turn has been a subsidiary of berkshire hathaway since 1985. The kirby company remained the company s mainstay product until the 1960s when it began a program of expansion and acquisition. All total, world book publishes nearly 90 reference titles. World book is a leading publisher of nonfiction and mixedgenre childrens book series, reference materials, and digital learning platforms. Our line of truck bodies includes standard and mediumduty serviceutility bodies and cranes that provide heavyduty performance wherever the job takes you. A new ceo later trimmed scott fetzer back to concentrate on its core products. It is part of berkshire hathaway, thus we have to follow big companies route, but it was a small team in the little manufacturing plant, so we worked on everything from processing invoices, to generating financial statement and analyzing all the data, from reconciliation to assisting with audit and. I worked in a manufacturing plant of scott fetzer, which was closeout in 2017.
Kenneth semelsberger business profile the scott fetzer. It appears that buffett also liked the company s management and the strength of its world book business. World bookscott fetzer co inc company profile and news. Scott fetzer, a subsidiary of berkshire hathaway, has announced that gary heeman, group vice president, will expand his responsibilities to include mergers and acquisitions for the company.
This is useful in estimating the financial strength and credit risk of the company. As the sales force of world book was reorganized in 1981, scott fetzer also revised. Encyclopedia buyers proved to be ideal mailorder customers. The berkshire hathaway ceo acquired world book in 1986, trumpeting its. In addition to its print, cd, and dvd products, the company also offers world book online reference center, its subscriptionbased internet reference service. A new ceo later trimmed scott fetzer back to concentrate on its core. World book launches world book mobile content licensing. As the sales force of world book was reorganized in 1981, scott fetzer also. Determine whether scott fetzer grew or shrank during the last recession. Since its first appearance in print, it has grown from 8 to 22 volumes, as well as. At the time, the company was a collection of 22 businesses, and today we have exactly the same lineup no additions and no disposals. Now, introducing the newest addition, the kirby avalir 2. Jun 15, 2010 but according to the internet the company have been around since 1914. In 1985, the scott fetzer company was purchased by berkshire hathaway.
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