McDermott Represents NACCO Industries in Spin-Off of Hamilton Beach Brands Holding Company
CHICAGO (October 12, 2017) – McDermott is pleased to announce its recent representation of NACCO Industries, Inc., in its spin-off of Hamilton Beach Brands Holding Company, to the stockholders of NACCO, which was completed on September 29, 2017. Hamilton Beach Brands Holding Company Class A common stock will be traded on the New York Stock Exchange under the ticker symbol “HBB.”
NACCO distributed a dividend consisting of one share of Hamilton Beach Brands Class A common stock and one share of Hamilton Beach Brands Class B common stock to holders of each share of NACCO Class A and Class B common stock.
Hamilton Beach Brands Holding Company, as an independent public company, will operate two separate businesses. Hamilton Beach Brands, Inc. is a leading designer, marketer and distributor of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. The Kitchen Collection, LLC is a national specialty retailer of kitchenware in outlet and traditional malls throughout the United States.
The McDermott team was led by Tom Murphy and Eric Orsic and included Bill Hadler, Leah Patterson, Dan Woodard, Ben Kirschner, Kate Williams, Deepak Tamasker, Timothy Shuman, Phillip Levine, Justin Jesse and Joshua Ellenberg.
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