The story
BELFOR began as a Quality Awnings & Construction company in Dearborn, Michigan in 1946. The company changed its name to INRECON L.L.C. (for Insurance Reconstruction) in 1981. Taylor, Michigan-based Masco bought 25 percent of the company in 1997, and completed its purchase of INRECON in 1999.
Haniel EnviroServices, a new division of the old European conglomerate Haniel, began in Germany in 1980. Its name was changed to Belfor in 1998.
Masco sold INRECON to Haniel in 2001 and it became part of BELFOR. At the time, the company had annual sales of $180 million and employed 1,000 staff.
As of February 2019, Belfor Holdings Inc. was in discussions regarding a potential sale to the American Securities equity firm. These were concluded successfully in April 2019.
From Wikipedia’s article on Belfor, shared under CC BY-SA 4.0.4