NACCO Industries


NACCO Industries

NACCO Industries, Inc. (NYSENC) is a publicly traded holding company, headquartered in Mayfield Heights, Ohio, involved in the lift truck, housewares, and mining industries. As of 2007, the company is ranked in the Fortune 1000. Its subsidiaries include NACCO Materials Handling Group (NMHG), NACCO Housewares Group, and the North American Coal Corporation.

History

NACCO originated in 1913 with the incorporation of the The Cleveland and Western Coal Company. The name was changed to The North American Coal Corporation (NACCO) in 1925, and the company operated exclusively in the coal industry until the acquisition of Yale Materials Handling Corporation in 1985. This was followed in 1986 by creation of the holding company under the name NACCO Industries, Inc. In 1988, NACCO Industries expanded into housewares with the purchase of Proctor Silex and Hamilton Beach, and expanded its presence in the materials handling industry by adding the Hyster Company in 1989.

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