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The company has often and regularly expanded through mergers and acquisitions. While Electrolux had bought several companies before the 1960s, that decade saw the beginnings of a new wave of M&A activity. The company bought ElektroHelios, Norwegian Elektra, Danish Atlas, Finnish Slev, and Flymo, et al., in the nine years from 1960 to 1969. [16]
Workers will manufacture the company's Electrolux ICON, Electrolux and Frigidaire product lines, including drop-in/slide-in ranges, wall ovens, specialty freestanding ranges and cooktops. The $190 million, 750,000 square foot Memphis manufacturing plant began production of stoves and ranges in 2013.
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.
In 1881, Tappan appliances was founded by W.J. Tappan as the Ohio Valley Foundry Company in Bellaire, Ohio, initially selling cast-iron stoves door-to-door. [ citation needed ] In 1889, the company relocated to Mansfield, Ohio , and was renamed the Eclipse Stove Company , when Tappan's father, who was an amateur astronomer, suggested the name ...
Kelvinator ad from 1920 Kelvinator refrigerator, c. 1926. The enterprise was established on September 18, 1914, in Detroit, Michigan, United States, by engineer Nathaniel B. Wales, who introduced his idea for a practical electric refrigeration unit for the home to Edmund Copeland and Arnold Goss.
The company had two previous deals fall through on the Memphis property. In October 2022, Electrolux Group announced it had a buyer and $82.5 million deal in place. That initial deal fell through ...
A.J. Canfield Company (Chicago) Argus Brewery (Chicago) Baderbräu (Chicago) Suntory Global Spirits (Chicago) [16] Culligan ; Goose Island Brewery (Chicago) Half Acre Beer Company (Chicago) Intelligentsia Coffee & Tea (Chicago) Koval Distillery (Chicago) Metropolis Coffee Company (Chicago) Metropolitan Brewing (Chicago) MillerCoors (Chicago)
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.