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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.
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]
The center was built in 1959 on what was once the Galbraith farm between Tremont Road and Northwest Boulevard in Upper Arlington, a suburban city founded in 1918. [3] In 1963, Les Wexner borrowed $5,000 from his aunt to open the first Limited store – the first of what is now a billion-dollar retailing empire, L Brands. [1]
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Rockwell International acquired the company in 1973, selling the appliance operations to Magic Chef, which was later sold to Maytag; in turn, Maytag was later acquired by Whirlpool. [5] [6] [7] The Milwaukee Admirals hockey team derives its name from Admiral appliances. In 1971, when the team was sold by its original owner to a group of ...
On September 8, 2014, General Electric agreed to sell the company to Electrolux, a Swedish appliance manufacturer and the second-largest consumer appliance manufacturer after Whirlpool Corporation, for US$3.3 billion in cash. The deal carried a US$175 million termination fee clause if Electrolux was unable to complete the acquisition.
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