C. Harold Smith
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C. Harold Smith
Crayola LLC, formerly the Binney & Smith Company, is an American manufacturing and retail company specializing in list of art media, art supplies. It is known for its brand ''Crayola'' and best known for its crayons. The company is headquartered in Forks Township, Northampton County, Pennsylvania, Forks Township, Pennsylvania in the Lehigh Valley region of the state. Since 1984, Crayola has been a Wholly Owned Subsidiary, wholly owned subsidiary of Hallmark Cards. Originally an industrial pigment supply company, Crayola soon shifted its focus to art products for home and school use, beginning with chalk, then crayons, followed later by colored pencils, marker pen, markers, paints, modeling clay, and other related goods. All Crayola-branded products are marketed as toxicity, nontoxic and safe for use by children. Most Crayola crayons are manufactured in the United States. Crayola also produces Silly Putty and a line of professional art products under the 'Portfolio Series brand', ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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