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Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. [2] In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.
During the 1950s, the 'white goods,' or laundry and kitchen appliance industry, grew rapidly. Maytag first entered the commercial laundry field at this time, manufacturing washers and dryers for commercial self-service laundries and commercial operators.
From February 2023 to February 2024, laundry equipment prices dropped by 11%, while overall inflation rose by 3% and appliances overall fell by 5.1%. Imports rose in 2023, surpassing pre-tariff ...
The company was founded in 1908 by Joe Barlow and John Seelig as Barlow & Seelig Manufacturing. They got their start by taking existing machine designs and improving them. [citation needed] In 1922, Speed Queen was the first company to introduce washers with nickel-copper tubs. The brand name "Speed Queen" was created in 1928.
Rank Name Industry Revenue (USD millions) Revenue growth Employees Headquarters 1 Walmart: Retail: 648,125 6.0% 2,100,000 Bentonville, Arkansas: 2 Amazon
In 1997, the company was purchased by Goodman Global (now part of Daikin North America), a heating-and-cooling manufacturer which sold it to Maytag (now part of Whirlpool) in 2002. [2] Goodman still owns Amana's air conditioner and furnace division, and Amana home appliances are now owned and manufactured by the Whirlpool Corporation. [3]
Staber Industries, Inc. was founded in 1976 by James E. Staber. For the first two decades, the company's specialization was the remanufacturing of washing machine transmissions for such companies as Whirlpool, G.E., Maytag, and Speed Queen. [1]
In the following month, Kenmore announced a long-term exclusive distribution agreement with O'Rourke Sales Company to create a major appliances distribution network of consumer and commercial retailers within the United States that includes retail, rent-to-own, E-Commerce, hospitality, builder, and the military exchanges markets. [15]
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