NACCO INDUSTRIES INC., $40.05, symbol NC on New York, has now completed its spinoff of HAMILTON BEACH BRANDS HOLDING CO., $39.67, symbol HBB on New York. Hamilton Beach Brands will continue to produce small appliances such as blenders, toasters, coffee makers and bag sealers under the Hamilton Beach, Proctor-Silex and Weston brands. Its other main business—The Kitchen Collection chain of stores—sells cooking gadgets, including Hamilton Beach products and other brands. There are more than 200 locations across the U.S. Nacco is now the holding company for The North American Coal Corporation, which mines coal primarily for use in power generation. However, it doesn’t own the mines—they are typically owned by nearby power-generation utilities. Nacco operates the mines under long-term contracts. That means it has little exposure to thermal coal prices. Hamilton Beach has struggled to lift sales as brick-and-mortar retailers use shelf space for their own private-label appliances and consumers increasingly purchase specialty housewares online. However, the brand is well-known, and the company…