Hulman & Company

Origins In 1850, Francis T. Hulman, a native of Lingen, Germany, emigrated to the United States, settling in Terre Haute, Indiana, where he established a small grocery store. The small company proved successful and in 1854, Francis Hulman sent over for his younger brother, Herman Hulman Sr., who had himself been working in the grocery business in the German town of Osnabrück. Hulman purchased the McGregor & Co. distillery of Terre Haute shortly after forming his partnership with Cox, greatly enlarging the capacity and sales of the firm. He sold the firm in 1875 to Crawford Fairbanks and returned for a visit to Germany, rebuying a half interest upon his return, with the distillery operating as Hulman & Fairbanks for a time. Herman Hulman took a new generation in the persons of B. G. Cox and Anton Hulman into partnership in the firm in 1886. In May 2019, Hulman & Company sold Clabber Girl to B&G Foods for $80 million. In November 2019, Hulman & Company sold the Indianapolis Motor Speedway and IndyCar for a reported $300 million to the Penske Corporation. ==References==