Deal Details
Spin-off of Hamilton Beach Brands Holding Company
Summary
Baird served as exclusive financial advisor to NACCO Industries, Inc. on this transaction
About
NACCO Industries, Inc. (“NACCO”) (NYSE: NC) has completed the spin-off of its housewares-related business, Hamilton Beach Brands Holding Company (“HBBHC”) (NYSE: HBB), to NACCO’s stockholders. NACCO distributed a dividend consisting of one share of HBBHC Class A common stock and one share of HBBHC Class B common stock to holders of each share of NACCO Class A and Class B common stock. NACCO did not receive any proceeds from the spin-off.Hamilton Beach Brands Holding Company is an operating holding company for two separate businesses. Hamilton Beach Brands, Inc. is a leading designer, marketer and distributor of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. The Kitchen Collection, LLC is a national specialty retailer of kitchenware in outlet and traditional malls throughout the United States. HBBHC is based in Glen Allen, Virginia.
NACCO Industries, Inc. is an operating holding company for The North American Coal Corporation, which mines coal primarily for use in power generation and provides value-added services for natural resource companies. NACCO is based in Cleveland, Ohio.
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- Date
- October 2017
- Company
- NACCO Industries, Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
- Acquiror Geography
- North America
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