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Tecumseh Products Company
Tecumseh Products Company is an American manufacturer of Gas compressor#Hermetically sealed, open, or semi-hermetic, hermetic compressors for air conditioning and refrigeration products. Tecumseh Products Company has subsidiaries that sell externally and internally to Tecumseh. The Tecumseh corporate offices are located in Ann Arbor, Michigan. History In 2007, the company's former gasoline engine and power train product lines were sold to Platinum Equity LLC. In December 2008, the company closed its engine manufacturing division. Later Tecumseh Power sold off its Peerless transmissions business to Husqvarna Group, Husqvarna Outdoor Products. In 2009, Tecumseh Products completed a move from Tecumseh, Michigan to Pittsfield Charter Township, Michigan. Tecumseh closed its doors in February 2009 when Platinum Equity LLC announced that Tecumseh Power Company had sold certain assets of its engine business to Certified Parts Corporation, including all existing and unfinished engine p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |