 Logo since 2013 | |
| Company type | Subsidiary |
|---|---|
| Founded | 1924 (as P.R. Mallory Company) |
| Founders | Samuel Ruben Philip Mallory |
| Headquarters | Chicago, Illinois, U.S.,[1] Bethel, Connecticut |
| Products | Batteries |
| Revenue | US$2 billion (2015) |
Number of employees | 2,700 |
| Parent | Dart Industries (1978–1980) Kohlberg Kravis Roberts (1989–1996) The Gillette Company (1996–2005) Procter & Gamble (2005–2016) Berkshire Hathaway (2016–present) |
| Subsidiaries | Duracell (UK) Limited Duracell China Limited Duracell Batteries BV Duracell Batteries Limited[2] |
| Website | www www |
Duracell Inc. is an American manufacturer of alkaline batteries, specialty cells, and rechargeables; it is a wholly owned subsidiary of Berkshire Hathaway since 2016. 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.
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.[3]
- ^ Berkshire Hathaway Inc 2021 Annual Report (PDF) (Report). Omaha, Nebraska. 2022. p. 34.
- ^ "THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES: Subsidiaries of the Registrant". www.sec.gov. Archived from the original on 31 May 2016. Retrieved 12 February 2018.
- ^ "P&G Completes Exchange of Duracell to Berkshire Hathaway". Business Wire. February 29, 2016. Archived from the original on March 1, 2016. Retrieved February 29, 2016.