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The John Oster Manufacturing Company was acquired in 1960 by Sunbeam Corporation. In 1981, after Sunbeam was bought by Allegheny International Inc. of Pittsburgh, most of the Chicago-area factories were closed and the headquarters moved to downtown Pittsburgh. Under Allegheny International's ownership Sunbeam became the world's largest maker of ...
In 1946, Oster acquired the Stevens Electric Company, which had received a patent on the liquifying blender in 1922. Oster itself was bought by Sunbeam Corporation in 1960. The blender
American Household, Inc. owned the Coleman Company, and Sunbeam Products, Inc. Brands acquired as part of this acquisition included Coleman, First Alert, Sunbeam, Mr. Coffee, and Oster. In July 2005, Jarden acquired The Holmes Group, a manufacturer and distributor of select home environment and small kitchen electrics, for approximately $420 ...
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The Rival Company is an American manufacturer of small appliances that produces products under the Bionaire, Crock-Pot, Fasco, Patton, Pollenex, Rival, Simer, and White Mountain brands. It became a wholly owned subsidiary of Holmes Products Corp. in 1999, and later became a brand of Sunbeam Products , a subsidiary of Jarden Corporation , which ...
In 1990, Kazarian, then 37, was asked to serve out a three-year term as chairman and CEO of Sunbeam-Oster, after his private equity firm bought it out in a corporate raid. [15] During his tenure he brought the company back from the verge of bankruptcy and created multiple profit streams for the company, ultimately returning it to profitability.
The firm eventually won the bid, transformed the company's management structure and profit streams eventually selling it to Blackstone Group who took the company private. [5] One fiscal year later, the firm moved in to bid for Allegheny International–a company that held Sunbeam-Oster. Kazarian was appointed the president of the CEO of Sunbeam ...
After the three men parted ways, Mathew established Andis Clipper Company the following year. Today, Andis Company remains a family-held business. [9] In 1928, the John Oster Manufacturing Company joined the electric clipper market. In 1960, the John Oster Manufacturing Co. was acquired by Sunbeam Corporation.