M&F Worldwide

Mafco Holdings acquired Abex, Inc., an aircraft control system & hydraulic pump manufacturer, and then merged it into a Mafco subsidiary in 1995 while the aerospace subsidiary, Power Control Technologies Inc., became publicly traded. Power Control then acquired Flavors Holdings Inc. in 1996 for $180 million, which included the licorice business subsidiary Mafco Worldwide Corp., which manufactures more than 70% of the worldwide licorice flavors. An Abex, Inc. subsidiary, Pneumo Abex Inc., merged through multiple transactions with Mafco Worldwide. Power Control Technologies was renamed M & F Worldwide in 1997. In 2000, Perelman proposed that Mafco Holdings' major share in Panavision Inc. be sold to M & F Worldwide at Mafco Holdings' purchase price but was block by an M & F shareholder as the stock was trading at only 23% of that value. In July 2013, the firm's main subsidiary, Harland Clarke, agreed to sell Harland Financial Solutions to Davis & Henderson for $1.2 billion. ==Subsidiaries==

;Name (state of Incorporation) • Harland Clarke Holdings Corp. (Delaware) – formerly CA Acquisition Holdings Inc. • Harland Clarke Corp. (Delaware) • Checks in the Mail, Inc. (Delaware) • John H. Harland Company of Decatur (Georgia) • Harland Financial Solutions (Oregon) • HFS Scantron Holdings Corp. (New York) • Scantron Corporation (Delaware) • Valassis • RetailMeNot • Flavors Holdings Inc. (Delaware) • Mafco Worldwide Corp. (Delaware) • Mafco Shanghai Corp. (Delaware) • Pneumo Abex LLC (Delaware) • Pneumo Abex Lessee Corp. (Delaware) • Merisant Corp. • PCT International Holdings Inc. (Delaware) • EVD Holdings Inc. (Delaware) • Concord Pacific Corp. (Maine) • Centralia Holdings Corp. (Georgia) Foreign Name of Subsidiary (Jurisdiction) • EVD Holdings S.A. (France) • Extraits Vegetaux Et Derives, S.A. (France) • Wei Feng Enterprises Ltd. (British Virgin Islands) • Xianyang Concord Natural Products Co. Ltd. (People's Republic of China) • Zhangjiagang Free Trade Zone MAFCO Liantai Biotech Co., Ltd. (People's Republic of China) • Mafco Weihai Green Industry of Science and Technology Co. Ltd. (40% owned) (People's Republic of China) • Scantron Canada, Ltd. (Canada) • Harland Israel Ltd. (Israel) • Harland Financial Solutions Worldwide Limited (Ireland) ==References==