M&F Worldwide

M & F Worldwide

Type	Public (NYSE: MFW)
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	Mafco Holdings
Subsidiaries	Harland Clarke Holdings Corp.[1] Mafco
Website	mandfworldwide.com

M&F Worldwide Corp. (NYSE: MFW), formerly Power Control Technologies, Inc., was incorporated in Delaware on June 1, 1988^[2] and is a NYSE listed public holding company that is a part of the Ronald O. Perelman group of companies being partially owned by MacAndrews & Forbes Holdings through Mafco Holdings.

History

Mafco Holdings acquired then merged Abex, Inc., an aircraft control system & hydraulic pump manufacturer, 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. A 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.Cite error: Closing </ref> missing for <ref> tag; see the help page

• Flavors Holdings Inc. Delaware
  • Mafco Worldwide Corporation Delaware
  • Mafco Shanghai Corporation Delaware
  • Pneumo Abex LLC Delaware
  • Pneumo Abex Lessee Corp. Delaware
• PCT International Holdings Inc. Delaware
• EVD Holdings Inc. Delaware
• Concord Pacific Corporation Maine
• Centralia Holdings Corporation Georgia ^[3]

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 ^[3]

References

1. ^ "New Brand in Financial Services Brings Industry's Most Expansive Lineup of Checks and Payment Products to its Clients". Harland Clarke Press Releases. http://www.harlandclarke.com/media/press/current/u5. Retrieved 2008-05-21. 
2. ^ (text) 10-K ANNUAL REPORT. SEC. 1997-12-31. pp. 1. http://www.sec.gov/Archives/edgar/data/945235/0000950136-98-000569.txt. Retrieved 2008-05-21. 
3. ^ ^{a b} Form 10-K Annual Report EX-21.1 SUBSIDIARIES. SEC. 2007-12-31. pp. 1. http://www.sec.gov/Archives/edgar/data/945235/000095013608001030/file6.htm. Retrieved 2008-05-20.