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The Amana Corporation is an American brand of household appliances. It was founded in 1934 by George Foerstner as the Electrical Equipment Co. in Middle Amana, Iowa, to manufacture commercial walk-in coolers. The business was later owned by the Amana Society and became known as Amana Refrigeration, Inc. [2] It is now owned by the Whirlpool ...
A matching dryer was introduced to accompany the new washer. The company claimed that the new Neptune model saved energy costs over traditional washer/dryer sets. Production of the Neptune line was later switched to Samsung Electronics. In 2001, the company acquired the Amana Corporation and its appliance assembly facilities. That same year ...
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.
The company was renamed Caloric Appliance Corp. in 1954 and became famous for offering a complete package of kitchen appliances in the 1950s and 1960s. Its most popular product was their built-in wall oven. In 1967, it was acquired by Raytheon Corporation which also owned Amana refrigerators and Speed Queen laundry products. By the early 1990s ...
By 1986, the company had become the 249th largest industrial company in the nation, and was sold to Maytag for $740 million. [11] Magic Chef also made home furnaces and air conditioners; that operation was sold to Lennox International in 1988. [12] Whirlpool Corporation acquired Maytag Corporation in 2006.
In recent years, the company has also been actively acquiring craft breweries, including Four Peaks in Tempe, Arizona, Elysian in Seattle, Goose Island in Chicago, and Golden Road in Los Angeles ...
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 ...
Part of this lack of notoriety stems from its relatively small size; the company's market cap is a mere $2 billion. Another part of it reflects disinterest due to its lack of any real revenue.