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Marmon Group is an American industrial holding company headquartered in Chicago, Illinois. Founded by Jay Pritzker and Robert Pritzker in 1953 (as Colson Corporation), it has been held by the Berkshire Hathaway group since 2013.
From 1995 to 1996, he was a group executive at the Marmon Group and directed operations at Arzo, MD Tech, Micro-Aire, Oshkosh Door, and Fenestra. [2] [3] From 1996 to 1998, he was the Regional Vice President of Operations in Asia for Getz Bros. & Co. [2] [3] In 1998, he was appointed by the Marmon Group to oversee Stainless Industrial Companies.
In 1995, Jay Pritzker, the co-founder of Hyatt, [clarification needed] stepped down and Thomas Pritzker took control of The Pritzker Organization. [4] When Jay died in 1999, the family split the business into 11 pieces worth $1.4 billion each [4] (choosing to settle a lawsuit from two family members, who apparently received $500 million each in 2005).
Marmon Holdings, or Marmon Group, is a holding company made up of more than 100 industrial companies. It was founded in 1953 by Jay Pritzker and Robert Pritzker in Chicago, where its headquarters ...
In 2002, Bob Pritzker retired from his position of President of The Marmon Group and assumed the role of President of Colson Associates, Inc., a holding company of caster, plastics moldling, hardware and medical companies, including Acumed, OsteoMed, and Precision Edge Surgical Products Company, among others.
In 1957, Jay founded Hyatt Hotel and, along with his brothers Robert Pritzker and Donald Pritzker diversified the Chicago-based family business into the Marmon Group building it into a portfolio of over 60 diversified industrial corporations and owned Braniff Airlines from 1983 to 1988. [3]
The new company was called Marmon-Herrington. In the early 1960s, Marmon-Herrington was purchased by the Pritzker family and became a member of an association of companies which eventually adopted the name The Marmon Group. In 2007, the Pritzker family sold a major part of the Group to Warren Buffett's firm Berkshire Hathaway. [10]
(The Center Square) – Illinois Gov. J.B. Pritzker launched Think Big America, a nonprofit focused on expanding access to abortion in states across the country. ... Pro-life group: Billionaire ...