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Berwind Corporation
Coal and investment management former US Shipping Company / From Wikipedia, the free encyclopedia
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Berwind Corporation, previously also known as Berwind-White Coal Mining Company, is a large privately held American corporation headquartered in Philadelphia, The company has historically been involved in the coal industry, but has diversified into property leasing and ownership of unrelated businesses.
Company type | Privately held |
---|---|
Industry | Coal and investment management |
Predecessor | Berwind-White Coal Mining Company |
Founded | 1962 (1962) |
Headquarters | , |
Key people |
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Website | www |
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It began as a partnership of Edward Julius Berwind, Charles Berwind, and Congressman Allison White and upon White's death became known as Berwind White Company in 1886. The company was one of the largest producers of coal at the turn of the twentieth century and created several towns in West Virginia and Pennsylvania, including Windber, Pennsylvania and Berwind, West Virginia. It was a litigant in two U.S. Supreme Court decisions: Berwind-White Coal Mining Co. v. Chicago & Erie R. Co., 235 U.S. 371 (1914) and McGoldrick v. Berwind-White Coal Mining Co., 309 U.S. 33 (1940). In 1962 the family corporation moved from directly producing coal to leasing its properties and diversification into ownership of other businesses, including Protective Industries (including Caplugs and Mokon) and, CRC Industries.
By 2007, the company's investments in real estate alone totaled over $3 billion.[1][2][3] Berwinds founded the Wilmore Steamship Company in 1930.[4]