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Electrical refrigerators were introduced in 1918, and by 1925, Leonard was building one out of every five refrigerators produced in the United States, which amounted to 1000 refrigerators per day. [1] Leonard merged with Kelvinator in 1926. The Leonard brand of appliances continued to be sold exclusively through Leonard dealers, as well as ...
Kelvinator began buying Leonard's boxes for its electric refrigerated models. By 1923, the Kelvinator Company held 80% of the American market for electric refrigerators. [2] On July 3, 1925, Kelvinator bought Nizer Corporation in a tri-party merger valued at $20 million. [5] In 1926, the company acquired Leonard, which had
To have Mason, Nash had to buy Kelvinator, a leading manufacturer of refrigerators. [2] 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 .
Buying new appliances can strain your budget, especially if it's unexpected. For instance, if your refrigerator breaks, it likely means you'll be shelling out $1,200 or more for a new model. And ...
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