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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 ...
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 ...
Costs incurred in Maytag's acquisition and integration of Amana and an increased corporate debt load led to aggressive internal cost-cutting efforts in direct materials, manufacturing, and distribution costs. [9] [11] Maytag introduced a value-priced appliance line under a separate label, Performa by Maytag. To increase sales, the company also ...
Other products marketed by the company in the 1970 and 1980 decades were imported from oversea factories such as mixers, meat slicers, can openers, microwave ovens, oscillating fans, etc. Revenues from a sandwich maker known as the Snackster (originally sold exclusively to Walmart) were significant and lead to the company going public on NYSE ...
In 1997, Murray initiated and spearheaded the Goodman acquisition of [6] Raytheon Appliances, the predecessor of Amana Corporation, a manufacturer of appliances and HVAC units. Four years later, in 2001, Goodman separated its appliances business from its HVAC business and would sell the appliances business to Maytag Corporation .
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