At HypeZero, we love spin-offs. Especially, spin-offs of companies that are not heavily covered by Wall Street. At the end of the day tomorrow, one such company, Nacco Industries (NC), will spin-off its biggest and most profitable business, Hyster-Yale Materials Handling, Inc (HY).
Nacco Industries operates four distinct business segments.
- Hyster-Yale Materials Handling, Inc designs, engineers, manufactures, sells and services “a comprehensive line of lift trucks and aftermarket parts marketed globally” under the brand name Hyster®and Yale®.
- “Hamilton Beach Brands. The Company’s wholly owned subsidiary, Hamilton Beach Brands, Inc. (“HBB”), is a leading designer, marketer and distributor of small electric household appliances, as well as commercial products for restaurants, bars and hotels.”
- “Kitchen Collection. The Company’s wholly owned subsidiary, The Kitchen Collection, LLC (“KC”), is a national specialty retailer of kitchenware and gourmet foods operating under the Kitchen Collection® and Le Gourmet Chef® store names in outlet and traditional malls throughout the United States.”
- “North American Coal. The Company’s wholly owned subsidiary, The North American Coal Corporation and its affiliated coal companies (collectively, “NACoal”), mine and market coal primarily as fuel for power generation and provide selected value-added mining services for other natural resources companies.”