Duracell
Duracell Inc. is an American manufacturer of alkaline batteries, specialty cells, and rechargeables; it is a wholly owned subsidiary of Berkshire Hathaway. The company has its origins in the 1920s, through the work of Samuel Ruben and Philip Mallory, and the formation of the P. R. Mallory Company.
| Company type | Subsidiary |
|---|---|
| Founded | 1924 (as P.R. Mallory Company) |
| Founders | Samuel Ruben Philip Mallory |
| Headquarters | Chicago, Illinois, U.S., Bethel, Connecticut |
| Products | Batteries |
| Revenue | US$2 billion (2015) |
Number of employees | 2,700 |
| Parent | Berkshire Hathaway |
| Subsidiaries | Duracell (UK) Limited Duracell China Limited Duracell Batteries BV Duracell Batteries Limited |
| Website | www www |
Through a number of corporate mergers and acquisitions, Duracell came to be owned by the consumer products conglomerate Procter & Gamble (P&G). In November 2014, P&G reached an agreement to sell the company to the international conglomeration Berkshire Hathaway through a transfer of shares. Under the deal, Berkshire Hathaway exchanged the shares it held in P&G for ownership of the Duracell business.
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