Hulman & Company

Hulman & Company

Hulman & Company is a privately held American company that is primarily involved in the motorsports industry. It was founded in 1850 by Francis T. Hulman as a wholesale grocery business in Terre Haute, Indiana. Over the years, the company diversified its operations and became known for its involvement in various industries, including motorsports, food products, and real estate.

History

Hulman & Company's history dates back to its founding in 1850 by Francis T. Hulman. Initially, the company operated as a wholesale grocery business, supplying various food products to retailers in the Terre Haute area. As the business grew, Hulman & Company expanded its operations and ventured into different industries.

In the early 20th century, Hulman & Company entered the motorsports industry by acquiring the Indianapolis Motor Speedway in 1945. The company saw great potential in the iconic racing venue and invested in its development and promotion. Under Hulman & Company's ownership, the Indianapolis Motor Speedway became one of the most prestigious and well-known racing facilities in the world.

Motorsports Involvement

Hulman & Company's involvement in motorsports is primarily centered around the Indianapolis Motor Speedway. The company has been instrumental in organizing and hosting various racing events, including the renowned Indianapolis 500, which is considered one of the most prestigious races in the world.

Apart from the Indianapolis 500, Hulman & Company also organizes other racing events at the Indianapolis Motor Speedway, such as the Brickyard 400 and the IndyCar Series races. These events attract top drivers and teams from around the world and showcase the company's commitment to promoting and advancing the sport of motorsports.

Diversification

While motorsports is a significant part of Hulman & Company's operations, the company has also diversified into other industries. It has a presence in the food products sector through its subsidiary, Clabber Girl Corporation. Clabber Girl is a leading manufacturer of baking powder, baking soda, and other baking ingredients.

Additionally, Hulman & Company is involved in real estate development through its subsidiary, Hulman Properties. The company owns and manages various commercial and residential properties in Indiana and other states.