M&F Worldwide

M & F Worldwide

Type	Subsidiary
Industry	holding company
Founded	June 1, 1988
Headquarters	New York, New York, USA
Key people	Barry F. Schwartz, CEO Ronald O. Perelman
Products	checks, licorice products
Services	direct marketing, contact center
Parent	MacAndrews & Forbes
Subsidiaries	Harland Clarke Holdings Corp.[1] Mafco

M&F Worldwide Corp. , formerly Power Control Technologies, Inc., was incorporated in Delaware on June 1, 1988^[2] and was formerly a New York Stock Exchange listed public holding company (as MFW) that is now a part of the Ronald O. Perelman group of companies. It was acquired by the private company ^[3] MacAndrews & Forbes in 2011.

History

Mafco Holdings acquired Abex, Inc., an aircraft control system & hydraulic pump manufacturer, and then merged it into a Mafco subsidiary in 1995 while the aerospace subsidiary, Power Control Technologies Inc., which became publicly traded. Powers Control then acquired in 1996 Flavors Holdings Inc. for $180 million included the licorice business subsidiary, Mafco Worldwide Corp.

An Abex, Inc. subsidiary, Pneumo Abex Inc., merged through multiple transactions with Mafco Worldwide. Power Control Technologies was renamed M & F Worldwide in 1997. In 2000, Perelman proposed that Mafco Holdings' major share in Panavision Inc. be sold to M & F Worldwide at Mafco Holdings' purchase price but was block by an M & F shareholder as the stock was trading at only 23% of that value.^[4]

Subsidiaries

Name (state of Incorporation)

• Harland Clarke Holdings Corp. (Delaware) -formerly CA Acquisition Holdings Inc. &
  • Harland Clarke Corp. (Delaware)
    • • Checks in the Mail, Inc. (Delaware)
      • John H. Harland Company of Decatur (Georgia)
  • Harland Financial Solutions (Oregon)
  • HFS Scantron Holdings Corp. New York
    • Scantron Corporation (Delaware)^[1]
      • Data Management I LLC ^[5]
• Flavors Holdings Inc. Delaware
  • Mafco Worldwide Corporation Delaware
  • Mafco Shanghai Corporation Delaware
  • Pneumo Abex LLC Delaware
  • Pneumo Abex Lessee Corp. Delaware
  • Merisant Corporation
• PCT International Holdings Inc. Delaware
• EVD Holdings Inc. Delaware
• Concord Pacific Corporation Maine
• Centralia Holdings Corporation Georgia ^[6]

Foreign

Name of Subsidiary Jurisdiction

• EVD Holdings S.A. France
• Extraits Vegetaux Et Derives, S.A. France
• Wei Feng Enterprises Ltd. British Virgin Islands
• Xianyang Concord Natural Products Co. Ltd. People’s Republic of China
• Zhangjiagang Free Trade Zone MAFCO Liantai Biotech Co., Ltd. People’s Republic of China
• Mafco Weihai Green Industry of Science and Technology Co. Ltd. (40% owned) People’s Republic of China
• Scantron Canada, Ltd. Canada
• Harland Israel Ltd. Israel
• Harland Financial Solutions Worldwide Limited Ireland ^[6]

Recent news

In July 2013, the firm’s main subsidiary, Harland Clarke, agreed to sell Harland Financial Solutions to Davis & Henderson for $1.2 billion.^[7]

References

1. 1 2 "New Brand in Financial Services Brings Industry's Most Expansive Lineup of Checks and Payment Products to its Clients". Harland Clarke Press Releases. Retrieved 2008-05-21. 
2. ↑ M & F WORLDWIDE CORP (1997-12-31). "10-K ANNUAL REPORT" (text). SEC: 1. Retrieved 2008-05-21. 
3. ↑ "M & F Worldwide Announces Completion of Acquisition by MacAndrews & Forbes Holdings Inc.". Retrieved 16 April 2015. 
4. ↑ "M & F Worldwide Corp. -- Company History". Funding Universe Company Histories. Retrieved 2008-05-28. 
5. ↑ M & F WORLDWIDE CORP. (2007-12-31). "FORM 10-K ANNUAL REPORT". secinfo.com. Retrieved 2008-05-20. 
6. 1 2 "Form 10-K Annual Report EX-21.1 SUBSIDIARIES". SEC. 2007-12-31: 1. Retrieved 2008-05-20. 
7. ↑ Euan Rocha (23 July 2013). "Davis + Henderson to buy Harland Financial for $1.2 billion". Reuters.