Maytag history

Another farm implement invented at Maytag was the Ruth Feeder (another self-feeder). By 1902, the company was the largest feeder attachment manufacturer in the world and Ruth was the most popular brand logo.

Maytag built his first washer in 1907, to bring his agricultural-equipment company through the slow-selling season as well as to fill a need for home-use washing machines.

1911 Maytag launches his first electric washing machine.

In 1915 the Maytag Company introduced its Multi-Motor gasoline engine washer to the homeowner.

L. B. Maytag, son of the founder, became president of the company in 1920.

1922 The Gyrofoam, the first washer to clean with only water action rather than friction, enters the marketplace.

Maytag made a million washing machines by 1927.

At his father's death in 1940, Fred Maytag II, grandson of the founder, took over the presidency.

In 1946, Maytag began marketing a separate line of ranges and refrigerators made by other companies under the Maytag name.

Maytag began manufacturing clothes dryers in 1953.

In 1955 Maytag dropped cooking ranges from its product line and five years later it dropped refrigerators, returning to its core products of washing machines and dryers.

In 1958 the company began making washers and dryers for commercial self-service laundries and other commercial industries.

By 1960, Maytag had ceased marketing ovens and refrigerators, but later started again to expand into kitchen appliances with its own design of portable kitchen dishwasher and a line of food-waste disposers.

When Fred Maytag II, the last family member involved in the company's management, died in 1962, E. G. Higdon was named president and George M. Umbreit became chairman and CEO.

Maytag created a United States icon in 1967 when the Maytag "lonely repairman" appeared in advertising for the first time.

Sales expanded even further and studies showed that 70% of American homes had functioning washers and dryers by the late 1970’s.

A turning point came in 1980 when Maytag decided to become a full-line producer, eventually selling a wide range of major appliances rather than just washers, dryers, and dishwashers.

In 1981 Maytag bought the Hardwick Stove Company of Cleveland, Tennessee and re-entered the cooking appliance field.

There are many sites on the Internet, but https://casinoreg.net provides inexperienced players with the most detailed casino FAQ Maytag has offered the consumer a complete line of gas and electric ranges, microwaves, built-in ovens and waste disposers since 1982.

Consumers began to buy again, and Maytag’s sales increased in all areas in 1983.

Other mergers within the industry during 1986 resulted in four companies—Whirlpool, General Electric, White Consolidated Industries, and Maytag—controlling 80% of the industry.

It added a line of front-loading washers in 1987.

In 1988, Maytag acquired Chicago Pacific Corporation, which was formed using the remnants of the bankrupt Chicago, Rock Island & Pacific Railroad.

Meanwhile, 1989 also saw the debut of the first refrigerators bearing the Maytag brand.

In 1991 Maytag built a new plant in Jackson, Tennessee, for the manufacture of newly designed plastic tub dishwashers.

The fiasco led to the firing of three top executives at Hoover Europe, as well as Maytag being forced to take a $30 million charge in 1993 to cover the costs of the ill-fated promotion.

Hoover Europe alone had lost a total of $163 million from the date of its purchase by Maytag through 1994.

By 1996, Maytag was on the upswing.

In 1997, Maytag Corporation purchased G.S. Blodgett Corporation, a maker of commercial ovens.

The company in 2000 contributed more than $4 million in cash and products through its foundation and direct giving program to meet some of the needs and support worthy causes in Maytag's operating communities.

During 2001, Maytag took a number of special charges against income, including a restructuring connected with the company's reduction in its salaried workforce and the discontinuation of some of its operations.

Maybe they are looking the other way to move the stuff." As of mid-April 2002, analysts' full-year estimates of Maytag earnings per share ranged from $2.45 to $2.60, with a mean of $2.52, according to First Call.

While Maytag had begun the process of shifting appliance production to lower-cost assembly plants outside the United States, in 2004 the company was still producing 88 percent of its products in older United States-based factories.

Hallinan, Joseph T, "Whirlpool Raises Maytag Bid Again," Wall Street Journal, August 9, 2005.

On April 1, 2006, Whirlpool completed its acquisition of Maytag Corporation.

Whirlpool closed this plant in 2009.