|
1911 |
Upton
brothers created the Upton Machine Company in
1911 to produce electric, motor-driven wringer
washers. |
|
1916 |
Upton
Machine Company begins making washers for Sears,
Roebuck and Co., which markets them under the
Allen trade name. |
|
1920's |
Sears
and Upton Machine Co. sign agreements for Upton
to become the exclusive supplier for Sears
electric and gasoline powered washing machines. |
|
1929 |
Upton
Machine, looking to help service the populated
East Coast of the United States, merged with the
Nineteen Hundred Washer Company of Binghamton,
New York. Within a decade of the merger, the
company led the nation in the production of
washing machines. |
|
1936 |
Nineteen
Hundred Corp. began looking beyond the U.S. to
grow into the lucrative global marketplace.
“Sears International” and a relationship
with the American Steel Export Co. brought the
company's washers to Europe and Asia. |
|
1947 |
Using
the Sears' brand the Nineteen Hundred Corp.
introduces the first automatic, spinner-type
washer. |
|
1948 |
The
company markets a Whirlpool brand automatic
washer, which established dual distribution for
the first time — one line of products for
Sears, another for Nineteen Hundred. |
|
1950 |
Whirlpool
Corporation name is officially adopted and
expands its product-line with the addition of
automatic dryers. |
|
1955 |
Whirlpool
further expands its product line into
refrigerators, by way of merging with Seeger
Refrigerator Company and changes its name to
Whirlpool-Seeger Corporation. Whirlpool-Seeger
than acquires the air conditioner and cooking
range lines of Radio Corporation of America
(RCA), which are marketed under the
RCA-Whirlpool name until the mid-1960s. |
|
1957 |
The
name Whirlpool Corporation is re-adopted -
dropping Seeger from its letterhead. |
|
1958 |
Whirlpool
adopts a global expansion strategy and buys a
stake in Brasmotor S.A., a major Brazilian
appliance maker. |
|
1969 |
Whirlpool
takes a 33 percent stake in John Inglis Co.
Ltd., entering the Canadian home appliance
market. |
|
1986 |
Whirlpool
acquisition strategy continues with the purchase
of the KitchenAid division of the Hobart
Corporation. |
|
1989 |
With
its sights set on Europe, Whirlpool secures the
rights to the Roper brand name; and joins with
the Dutch company N.V. Philips to establish
Whirlpool Europe B.V., a joint venture through
which Whirlpool will market a full line of major
home appliances in Europe. |
|
1991 |
Whirlpool
buys out its European partner N.V. Philips,
taking full control of Whirlpool Europe. |
|
1997 |
After
almost two decades of growth through merger and
acquisition Whirlpool launches a global
restructuring involving the elimination of 4,700
jobs, the closure of plants and other
facilities, at a charge of $350 million to the
financial statements. |
|
2000 |
In
an effort to reduce over-capacity and
consolidate operations, another major
restructuring is launched that includes more
than 7,000 job cuts and $373 million in charges
over the next two years. |
|
2006 |
Whirlpool
Corporation acquires Maytag for $848 million and
about 9.6 million shares of Whirlpool common
stock, which went to the Maytag stockholders. |
|
2006 |
September
6, 2006, Whirlpool sold the Amana commercial
microwave business to Aga Foodservice Inc. for
approximately $49 million. October 23, 2006,
Whirlpool completed the sale of the Dixie-Narco
vending systems business to Crane Co. for
approximately $46 million. |
|
2007 |
Whirlpool
Corporation completes the sale of the Hoover
floor-care business; which was a division of the
Maytag Corporation they acquired in 2006, to
Techtronic Industries Co. Ltd. (TTI) for
approximately $107 million in cash. |