Marmon Holdings, Inc. is an industrial conglomerate which is made up of four autonomous companies with 15 stand-alone business sectors and a total of 185 independent companies which provide various industrial and manufacturing services. Marmon Holdings is a global company with a presence in various countries around the world.
The four primary sectors of Marmon Holdings include Marmon Energy Services, which sells engineered wire and cable, crane services, and retail products; Marmon Engineered Components; Marmon Food, Beverage & Water technologies; and the Marmon Retail & Highway Technologies company which provides retail products and store equipment.
All in all, Marmon Holdings, Inc employs around 20,000 people worldwide and operates more than 350 manufacturing, distribution, and service facilities around the world. The company had $8 billion revenue in 2014, and its numbers have continued to steadily climb ever since.
Marmon Holdings, Inc. can trace its history back to 1953, when brothers Jay and Robert Pritzker purchased The Colson Company, a manufacturer that specialized in castor wheels. At the time, the company was struggling and the Pritzker brothers focused on getting the company back to profitability.
In the early 1960s, the company began to acquire other smaller manufacturing companies including Marmon-Herrington, from which the company took its name in 1964. From that point on, Marmon Holdings, Inc. continued to grow and acquire new companies in various manufacturing industries, including the acquisition of Cerro Corporation in 1976 and Trans Union Corporation in 1981.
The company became part of Berkshire Hathaway in 2008, when Warren Buffett purchased a majority holdings in the company. Berkshire Hathaway continued to slowly acquire minority interests in the company over the next several years, and in 2013, the company was reorganized into the current structure. In 2014, it completed its largest acquisition; the purchase of IMI’s beverage and merchandising technologies for $1.1 billion.