Duracell

Duracell Inc.
Company typeSubsidiary
Founded1924; 100 years ago (1924) (as P.R. Mallory Company)
FoundersSamuel Ruben
Philip Mallory
HeadquartersChicago, Illinois, U.S.,[1] Bethel, Connecticut
ProductsBatteries
RevenueUS$2 billion (2015)
Number of employees
2,700
ParentDart Industries (1978–1980)
Kohlberg Kravis Roberts (1989–1996)
The Gillette Company (1996–2005)
Procter & Gamble (2005–2016)
Berkshire Hathaway (2016–present)
SubsidiariesDuracell (UK) Limited
Duracell China Limited
Duracell Batteries BV
Duracell Batteries Limited[2]
Websitewww.duracell.com
www.procell.com
Typical Duracell 9V battery

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]

  1. ^ Berkshire Hathaway Inc 2021 Annual Report (PDF) (Report). Omaha, Nebraska. 2022. p. 34.
  2. ^ "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.
  3. ^ "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.