Best Maytag Ranges
Maytag was founded in 1891 by Charles J. Mayflower and John M. Mayflower in Chicago, Illinois. They were both electrical engineers and they had invented a new type of lighting system called the “light bulb”.
In 1893, Charles J. Mayflower moved to Kansas City Missouri where he opened up a store selling lamps. In 1904, Mayflower’s son John M. Mayflower opened up another store selling lamps. Soon after, the brothers decided to open their own business together. They named it “Maytag Appliances” in 1908 and started manufacturing light bulbs and other household appliances such as refrigerators and air conditioners. By 1920, the company had grown to become one of the largest manufacturers of home appliances in America with over 1 million employees worldwide.
In 1927, Charles J. Mayflower died suddenly while traveling through Europe. His brother John M. Mayflower took over the company, but soon sold out to General Electric (GE) in 1932.
GE continued to manufacture some of its products under the name “General Electric Appliance Company”, which was later acquired by Westinghouse in 1946 and then again by Whirlpool Corporation in 1956. In 1961, GE merged with Fairchild Semiconductor to form Fairchild Camera & Instrument Corporation (CCI).
In 1972, the company wanted to expand its market, and started manufacturing electronic products under the name “Maytag”. The company formed a joint venture with Nippon Electric Company (NEC) in 1974, which was called Norsair International. The venture made advanced electronic products such as TV cameras and VCRs. By 1985, it had over 1000 employees in the U.S.
In 1986, the company started to manufacture computer printers. In 1985, it had over 30 million dollars in sales. In 1987, it started manufacturing electronic components such as cables and connectors. In 1989, the company acquired the “Westinghouse Electrics” division from Westinghouse Corporation for $20 million.
It was renamed “Maytag Advanced Electronics Company” (MAEC). In 1990, it had over 50 million dollars in sales. In 1991, it started manufacturing telephone handsets.
In 1997, the company acquired the “Norsair Electronic Company” from Nippon Electric Company for $2 million. It was renamed “Maytag Micro electronics Company”.
In 1998, the company started to manufacture computer monitors as well. In 2000, the company acquired a small security printing firm called “Oprint”. In 2005, the company started manufacturing car alarms. In 2008, the company acquired another small security printing firm called “Digilock”.
In 2010, the company acquired the hearing aid manufacturing division of “Phonak” for $285 million.
In more recent times, the company has acquired multiple other smaller security printing firms such as “Zinser-Hillyer Industries” (2013) and “Mast Industries” (2015). The company now operates as a “Maytag Security Printing”, which manufactures credit cards, identification cards, currency, tickets and other forms of security printing items.
The company is still owned by the Maytag family, who are all members of the Bahá’í Faith. The company was privately owned until 1998, when it decided to start selling shares on the New York Stock Exchange. It has since been traded under the symbols MAY and MAY.P.
The current CEO is Daniel R. Dienner. Its current headquarters is located in Addison, Illinois and it has offices all over the world.
The company was an official sponsor for the 1996 Summer Olympics in Atlanta.
Sources & references used in this article:
Grease transfer system for grill ranges by MA Strader, S Cunningham, JG Stillman… – US Patent …, 1998 – Google Patents
The price effects of a large merger of manufacturers: A case study of Maytag-Whirlpool by OC Ashenfelter, DS Hosken… – … Journal: Economic Policy, 2013 – aeaweb.org
The myth of excellence: Why great companies never try to be the best at everything by F Crawford, R Mathews – 2007 – books.google.com