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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.
Replacing a refrigerator can make a serious dent in your savings, as a brand-new refrigerator could cost anywhere from $900 to $8,000. Most people avoid replacing their appliances until it's an ...
The merged company began on 2 January 1937 with no debt and $50 million in cash assets. [3] Mason then served as president of Nash-Kelvinator until 1954 when the firm merged with Hudson Motors. [1] Nash-Kelvinator ranked 27th among United States corporations in the value of World War II production contracts. [4]
He was the founder of the Kelvinator home appliance company in Detroit, Michigan in 1914. His daughter Natalie Scarritt Wales (1909-2013), best known as Lady Natalie Malcolm Douglas-Hamilton, was a socialite and philanthropist known for organizing the "Bundles for Britain" campaign during World War II. His son Nathaniel Brackett Wales, Jr ...
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 1880, he decided to strike out on his own, and raised $10,500 to incorporate Sligh Furniture Company. The company purchased a plot of land and constructed a 15,000 square foot factory. The company began selling bedroom furniture, and was quickly successful. They constructed an addition to the factory in 1882, and a second one in 1888.
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