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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 ...
[1] [2] [4] In 1970, Naxon retired and sold his business and his patent for the slowcooker to the Rival Company for a lump sum rather than stock. [1] [4] [5] Rival Company rebranded Naxon's invention into what is now known as the Crock Pot. [1] In addition to the slow cooker, Naxon also invented several other appliances and has over 200 patents ...
In July 2005, Jarden acquired The Holmes Group, a manufacturer and distributor of select home environment and small kitchen electrics, for approximately $420 million in cash and approximately 6.2 million shares of Jarden common stock. The acquisition gave Jarden rights to the brands Rival, and Crock-Pot.
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[1] [2] In 2005, Berkshire Partners, Holmes' parent company, sold Holmes Products to Jarden Corporation for US$625.9 million. At the time of the sale, the brands of Holmes included Rival (acquired in 1999 [ 3 ] ), Crock-Pot , Bionaire and White Mountain.