M&F Worldwide


M&F Worldwide Corp. is a privately held holding company based in New York City. It was incorporated in Delaware on June 1, 1988. Formerly Power Control Technologies, Inc., the company was previously a New York Stock Exchange listed public holding company that became part of the Ronald O. Perelman group of companies. It was acquired by private company 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., became publicly traded. Power Control then acquired Flavors Holdings Inc. in 1996 for $180 million, which included the licorice business subsidiary Mafco Worldwide Corp., which manufactures more than 70% of the worldwide licorice flavors.
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.
In July 2013, the firm's main subsidiary, Harland Clarke, agreed to sell Harland Financial Solutions to Davis & Henderson for $1.2 billion.

Subsidiaries

;Name
  • Harland Clarke Holdings Corp. – formerly CA Acquisition Holdings Inc.
  • *Harland Clarke Corp.
  • ***Checks in the Mail, Inc.
  • ***John H. Harland Company of Decatur
  • *Harland Financial Solutions
  • *HFS Scantron Holdings Corp.
  • **Scantron Corporation
  • ***Data Management I LLC
  • *Valassis
  • *RetailMeNot
  • Flavors Holdings Inc.
  • *Mafco Worldwide Corp.
  • *Mafco Shanghai Corp.
  • *Pneumo Abex LLC
  • *Pneumo Abex Lessee Corp.
  • *Merisant Corp.
  • PCT International Holdings Inc.
  • EVD Holdings Inc.
  • Concord Pacific Corp.
  • Centralia Holdings Corp.

Foreign

Name of Subsidiary
  • EVD Holdings S.A.
  • Extraits Vegetaux Et Derives, S.A.
  • Wei Feng Enterprises Ltd.
  • Xianyang Concord Natural Products Co. Ltd.
  • Zhangjiagang Free Trade Zone MAFCO Liantai Biotech Co., Ltd.
  • Mafco Weihai Green Industry of Science and Technology Co. Ltd.
  • Scantron Canada, Ltd.
  • Harland Israel Ltd.
  • Harland Financial Solutions Worldwide Limited