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Exactor history
Exactor company history timeline
Salton left his native Poland shortly after the German invasion in 1939 and settled in New York, where he was soon employed as an engineer for RCA Corporation.
In 1980 the company was purchased by Bromaine Holding Company, a South African conglomerate that had already bought the rights to Salton U.K. and Salton South Africa.
Sales stood at about $8 million annually by 1983.
In 1985 Salton's headquarters moved to the Chicago area.
Salton got out from under its parent in 1988 in a leveraged buyout orchestrated by Leon Dreimann.
In 1989, Salton Housewares merged with another small appliance manufacturer, Maxim, and the name changed again, to Salton/Maxim.
The company made an initial public offering in October 1991, selling just over 40 percent of the company, or 2.3 million shares, at $12 a share.
Interest in the Sandwich Maker virtually ceased by the end of 1991, but the company was able to pick up on a new fad, juice extractors.
Dreimann recounted in a June 1997 interview with Adweek that the Sandwich Maker infomercial initiated an enormous interest in the small appliance.
Salton/Maxim decided to end its alliance with Windmere in 1998, and it bought back the half of its stock that company had owned.
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Exactor may also be known as or be related to Exactor and Exactor, Inc.