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Markel Corporation – MKL – Havco is a wonderful addition and a great fit for Markel Ventures

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Markel Corporation (NYSE: MKL) announced that its subsidiary, Markel Ventures, has acquired a majority interest in Havco WP LLC (“Havco”), a privately held company headquartered in Cape Girardeau, MO. Havco is a leading manufacturer of laminated oak and composite wood flooring that is utilized in the assembly of truck trailers, intermodal containers, and truck bodies.

Bruce Bader, President and CEO of Havco, stated, “Our new partnership with Markel is an important next step for Havco, our customers, and our employees. With their support, we will have a permanent foundation upon which we can continue to be the premier provider of wood and composite flooring to the transportation industry.”

Thomas S. Gayner, President of Markel Ventures, added, “Havco is a wonderful addition and a great fit for Markel Ventures. They have an outstanding management team and a long history of providing top quality, high durability flooring for tractor trailers. We have given them a home where they can continue to do so.”


Markel Ventures, Inc. is a wholly-owned subsidiary of Markel Corporation (MKL), a diverse financial holding company serving a variety of niche markets. Markel’s principal business markets and underwrites specialty insurance products. Markel Ventures makes strategic and generally controlling investments in businesses that operate outside of the specialty insurance marketplace. The primary goal of Markel Ventures is to positively contribute to the long-term financial performance of Markel Corporation (MKL)  through the value creating operating activities of its subsidiaries.

Markel Corporation is a financial holding company serving a range of markets. The Company markets and underwrites specialty insurance products. The Company operates in three segments: the Excess and Surplus Lines, the Specialty Admitted, and the London markets. It also owns interests in industrial and service businesses, which operate outside of the specialty insurance marketplace. On January 1, 2012, the Company acquired Thompson Insurance Enterprises, LLC (THOMCO). On July 13, 2011, the Company acquired PartnerMD, LLC. On October 19, 2011, the Company acquired an 83% interest in WI Holdings Inc. (Weldship)

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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