Type Subsidiary Founded 1 June 1988 | Industry holding company Parent organization MacAndrews & Forbes | |
Key people Barry F. Schwartz, CEO
Ronald O. Perelman Products checks, licorice products Services direct marketing, contact center Headquarters New York City, New York, United States Subsidiaries Harland Clarke, Scantron Corporation | ||
M&F Worldwide Corp. , formerly Power Control Technologies, Inc., was incorporated in Delaware on June 1, 1988 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 MacAndrews & Forbes in 2011.
Contents
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.
Subsidiaries
Foreign
Name of Subsidiary Jurisdiction
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.