Duracell

Duracell Inc.
TypeSubsidiary
Founded1924 (1924) (as P.R. Mallory Company)
FoundersSamuel Ruben
Philip Mallory
HeadquartersBethel, Connecticut, U.S.
Geneva, Switzerland[1]
ProductsBatteries and smart power systems
RevenueUS$2 billion (2015)
Number of employees
2,700
ParentBerkshire Hathaway
SubsidiariesDuracell (UK) Limited
Duracell China Limited
Duracell Batteries BV
Duracell Batteries Limited[2]
Websitewww.duracell.com

Duracell Inc. is an American manufacturing company owned by Berkshire Hathaway that produces batteries and smart power systems. 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 P&G (Procter and Gamble). In November 2014, P&G reached an agreement to sell the company to 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. ^ Coolidge, Alexander (March 1, 2016). "Duracell leaves P&G fold". Cincinnati. Archived from the original on April 2, 2019. Retrieved March 1, 2016.
  2. ^ "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.