Valhi, Inc.

Last updated
Valhi, Inc.
Type Public
NYSE:  VHI
Russell 2000 Index component
Industry holding company
Founded1987
Headquarters Dallas, Texas, U.S.
Key people
Robert D. Graham, Vice Chairman of the Board, President and CEO
Productstitanium dioxide pigments (TiO2), security products, recreational marine products, real estate, water distribution, insurance
RevenueIncrease2.svg US$2.296 Billion (FY 2021) [1]
Increase2.svg US$ 257.8 Million (FY 2021) [1]
Increase2.svg US$ 127.2 Million (FY 2021) [1]
Total assets Increase2.svg US$3.005 Billion (FY 2021) [1]
Total equity Increase2.svg US$1.158 Billion (FY 2021) [1]
Number of employees
Increase2.svg 2,847
Website Valhi.net

Valhi, Inc. is an American holding company operating through wholly and majority-owned subsidiaries in a number of different industries. It was founded in 1987 as a result of the merger of the LLC Corporation and Amalgamated Sugar Company. [2] The Contran Corporation owned 93% of Valhi's common stock as of December 2014. The chairman of the company was Harold Simmons until his death in 2013. [3] As of 2014 it was a Fortune 1000 company. [4]

Subsidiaries

Wholly and majority-owned subsidiaries include 80% of Kronos Worldwide, [5] 86% of CompX International Inc., 83% of NL Industries, [6] Basic Management, Inc. and The LandWell Company. Former subsidiaries include Amalgamated Sugar Company, oilfield services firm Baroid, forest products firm Medford, and Arby’s franchise Sybra. [7]

Related Research Articles

Rio Tinto Alcan is a subsidiary of Rio Tinto, based in Montreal. It was created on 15 November 2007 as the result of the merger between Rio Tinto's Canadian subsidiary and Canadian company Alcan.

Cypress Semiconductor Defunct American semiconductor company

Cypress Semiconductor was an American semiconductor design and manufacturing company. It offered NOR flash memories, F-RAM and SRAM Traveo microcontrollers, PSoC programmable system-on-chip solutions, analog and PMIC Power Management ICs, CapSense capacitive touch-sensing controllers, Wireless BLE Bluetooth Low-Energy and USB connectivity solutions.

CNO Financial Group, Inc. is a financial services holding company based in Carmel, Indiana. Its insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. These products are distributed through independent agents, career agents and direct to customers through television advertising and direct mail.

CACI American Defense Contractor

CACI International Inc is an American multinational professional services and information technology company headquartered in Northern Virginia. CACI provides services to many branches of the US federal government including defense, homeland security, intelligence, and healthcare.

Union Pacific Corporation American railroad company

The Union Pacific Corporation is a publicly traded railroad holding company. It was incorporated in Utah in 1969 and is headquartered in Omaha, Nebraska. It is the parent company of the current, Delaware-registered, form of the Union Pacific Railroad.

ManpowerGroup American staffing company

ManpowerGroup is a Fortune 500 American multinational corporation headquartered in Milwaukee, Wisconsin. Founded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world behind Swiss firm Adecco and Dutch firm Randstad. The company provides administrative & support services, professional services, and business services through its four primary brands: Manpower, Experis, Right Management, and ManpowerGroup Solutions.

Charles Schwab Corporation American financial services company

The Charles Schwab Corporation, also commonly known as Schwab, is an American multinational financial services company, bank, and stockbroker that offers an electronic trading platform along with traditional methods of investments for the trade of financial assets including common stocks, investment portfolios, preferred stocks, futures contracts, exchange-traded funds, forex, options, mutual funds, fixed income investments, margin lending, and cash management services. It offers personal banking, commercial banking, and other services including consulting, and wealth management advisory services to both retail and institutional clients. It has over three-hundred and sixty (360) branches, primarily in financial centers in the United States and the United Kingdom. It is the 7th largest banking institution in the United States with over US$8.5 trillion in client assets. It had 29.0 million active brokerage accounts, 2.1 million corporate retirement plan participants, 1.5 million banking accounts, and $8.5 trillion in client assets as of Feb 7, 2022. It was founded in San Francisco, California, and is headquartered in Westlake, Texas.

Alexander & Baldwin, Inc. is an American company that was once part of the Big Five companies in territorial Hawaii. The company currently operates businesses in real estate, land operations, and materials and construction. It was also the last "Big Five" company to cultivate sugarcane. As of 2020, it remains one of the State of Hawaii's largest private landowners, owning over 28,000 acres (11,000 ha) and operating 36 income properties in the state.

Ameriprise Financial Financial services company

Ameriprise Financial, Inc. is a diversified financial services company and bank holding company incorporated in Delaware and headquartered in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning.

Rohr, Inc.

Rohr, Inc. is an aerospace manufacturing company based in Chula Vista, California, south of San Diego. It is a wholly owned unit of the Collins Aerospace division of Raytheon Technologies; it was founded in 1940 by Frederick H. Rohr as Rohr Aircraft.

CDW American technology company

CDW Corporation, headquartered in Lincolnshire, Illinois, is a provider of technology products and services for business, government and education. The company has a secondary division known as CDW-G, devoted solely to United States governmental entities, such as K-12 schools, universities, non-profit healthcare organizations, State & Local and the Federal government.

A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active.

Harold Clark Simmons was an American businessman, investor, and philanthropist whose banking expertise helped him develop the acquisition concept known as the leveraged buyout (LBO) to acquire various corporations. He was the owner of Contran Corporation and of Valhi, Inc.,. As of 2006, he controlled five public companies traded on the New York Stock Exchange: NL Industries; Titanium Metals Corporation, the world's largest producer of titanium; Valhi, Inc., a multinational company with operations in the chemicals, component products, Waste Control Specialists, titanium metals industries; CompX International, manufacturer of ergonomic products, and Kronos Worldwide, leading producer and marketer of titanium dioxide.

Grasim Industries Indian industrial conglomerate

Grasim Industries Limited is an Indian manufacturing company based in Mumbai. Since its inception in 1947 as a textile manufacturer, Grasim has diversified into textile raw materials like viscose staple fiber (VSF) and viscose filament yarn, chemicals and insulators, along with cement and financial services through its subsidiaries UltraTech Cement and Aditya Birla Capital respectively. The company is a part of the Aditya Birla Group.

Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.

Xperi Holding Corporation is an American technology company that licenses technology and intellectual property in areas such as mobile computing, communications, memory and data storage, and three-dimensional integrated circuit technologies, among others. Markets include semiconductor packaging and interconnect solutions, mobile, computational imaging, audio and automotive. Tessera, a subsidiary of Xperi, has licensed its chip packaging technology to numerous semiconductor manufacturers, including Intel and Samsung Electronics.

F&G American insurer

F&G, previously known as Fidelity and Guaranty Life Insurance Company is an American financial company, primarily providing annuities and life insurance. The company was founded in 1959 and is based in Des Moines, Iowa.

Filinvest Development Corporation, is the publicly listed holding company for the various firms in the Filinvest group. It was established in 1955 in the Philippines by Andrew L. Gotianun Sr. and his wife, Mercedes Gotianun, as a used-car financing company. It has holdings in real estate development and leasing, the sales of housing units, and hotel and resort management, banking and financial services, sugar and power. It is based in Metro Manila, Philippines and is owned by the Gotianun family.

Alphabet Inc. American multinational technology conglomerate

Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. Alphabet is the world's third-largest technology company by revenue and one of the world's most valuable companies. It is one of the Big Five American information technology companies, alongside Amazon, Apple, Meta and Microsoft.

Electric Bond and Share Company

The Electric Bond and Share Company (Ebasco) was a United States electric utility holding company organized by General Electric. It was forced to divest its holding companies and reorganize due to the passage of the Public Utility Holding Company Act of 1935. Following the passage of the Act, the U.S. Securities and Exchange Commission (SEC) selected the largest of the U.S. holding companies, Ebasco to be the test case of the law before the U.S. Supreme Court. The court case known as Securities and Exchange Commission v. Electric Bond and Share company was settled in favor of the SEC on March 28, 1938. It took twenty-five years of legal action by the SEC to break up Ebasco and the other major U.S. electric holding companies until they conformed with the 1935 act. It was allowed to retain control of its foreign electric power holding company known as the American & Foreign Power Company (A&FP). After its reorganization, it became an investment company, but soon turned into a major designer and engineer of both fossil fuel and nuclear power electric generation facilities. Its involvement in the 1983 financial collapse of the Washington Public Power Supply System's five nuclear reactors led to Ebasco's demise because of the suspension of nuclear power orders and lawsuits that included numerous asbestos claims. The U.S. nuclear industry stopped all construction of new facilities following the 1979 nuclear meltdown at Three Mile Island, going into decline because of radiation safety concerns and major construction cost overruns.

References

  1. 1 2 3 4 5 "2021 10-K for Valhi Inc". SEC.
  2. Maletz, Kate (1996-08-19). "Sugar M&A Expected To Crystallize". Securities Data Publishing.
  3. Levisohn, Ben (30 December 2013). "Harold Simmons Dies, Valhi, Kronos, NL Industries Gain". Barrons. Retrieved 14 April 2015.
  4. "Valhi". Fortune. Retrieved 14 April 2015.
  5. "Valhi 2019 10-K". SEC. Valhi Incorporated.
  6. "Valhi 2019 10-K". SEC. Valhi Incorporated.
  7. "Valhi, Inc. | Encyclopedia.com" . Retrieved 2018-10-21.