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Hamilton Beach history
Hamilton Beach company history timeline
In 1904, L.H. Hamilton and Chester Beach both worked for United States Standard Electrical Works in Racine, Wisconsin, when publicity shy founder Fredrick J. Osius paid $1000 for the right to use their names.
At a time when different regions of the United States used different types of power, the "universal motor" allowed the company to begin offering the first commercial drink mixer to a national market beginning in 1911.
Meanwhile, in 1920, Proctor & Schwartz, Inc. was formed as the new name for Philadelphia Textile Machinery because of a shift towards other products such as thermostatically controlled irons and toasters.
Finally, Myers convinced a Cleveland, Ohio company to back him in displaying the first adjustable temperature iron at the United States sesquicentennial celebration in 1926.
The iron attracted the attention of automatic toaster inventors Proctor & Schwartz, who purchased Myers's Liberty Gauge Company and began marketing both the toaster and the iron in 1929.
After enjoying two years as a publicly owned company, in 1988 Wear-Ever/Proctor-Silex was purchased outright by NACCO Industries for $104.6 million in cash.
NACCO dumped Wear-Ever less than a year later, on January 31, 1989, for $39.7 million and renamed the company Proctor-Silex Inc.
When George Nebel became president of HB/PS early in 1991, he sought to turn the difficulties of the appliance business into virtues.
An example of the output of such a process was the cow line of Proctor-Silex products that was introduced in 1994.
With 1994 sales of $377.5 million, a slowly expanding mid-decade economy, and aggressive plans for further product development and placement, the company stood poised to challenge for the leading market share in every market it entered.
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Hamilton Beach competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Leggett & Platt | 1883 | $4.4B | 20,000 | 84 |
| Viking Range | 1981 | $180.0M | 575 | 11 |
| MTD Products | 1946 | $2.0B | 6,800 | - |
| Elkay Manufacturing | 1920 | $640.0M | 2,500 | - |
| Dacor | 1965 | $34.0M | 350 | 1 |
| Crown Holdings | 1892 | $11.8B | 33,264 | 179 |
| Avery Dennison | 1935 | $8.8B | 32,000 | 259 |
| Leatherman | 1983 | $97.0M | 525 | 1 |
| The Middleby | 1888 | $3.9B | 10,624 | 88 |
| Gentex | 1974 | $2.3B | 5,874 | 63 |
Hamilton Beach history FAQs
Zippia gives an in-depth look into the details of Hamilton Beach, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Hamilton Beach. The employee data is based on information from people who have self-reported their past or current employments at Hamilton Beach. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Hamilton Beach. The data presented on this page does not represent the view of Hamilton Beach and its employees or that of Zippia.
Hamilton Beach may also be known as or be related to HAMILTON BEACH BRANDS HOLDING CO, Hamilton Beach, Hamilton Beach Brands Holding Company and Hamilton Beach Brands Inc.