Did you Know:
The following information is provided courtesy of Wikipedia:
Hotpoint was founded in 1911. The name of the company comes from the hot point of the revolutionary first electric iron of 1905, invented by the American (Wisconsin) Earl Richardson (1871–1934) having formed his Pacific Electric Heating Company in Ontario, California, in 1906.
It is claimed to have developed one of the earliest electric toasters in 1908, known as the El Tosto, and later, under GE, the Hotpoint brand name became one of the most popular brands of toaster in the United States in the 1920s and 1930s.
In 1918, the company, known as the Hotpoint Electric Heating Company from 1912, merged with the Heating Device Section of General Electric, becoming the Edison Electric Appliance Company. It became just a division of GE in 1927, when GE bought the factory and entire company. It became known as the Edison General Electric Company in 1931.
In September 2014, Electrolux agreed to buy General Electric’s household appliances business including the Hotpoint brand in North America for £2bn ($3.3bn). The deal was expected to close in 2015. Due to blockage by U.S. regulators, the Electrolux deal was terminated, and GE subsequently sold its appliance division to Haier of China, to close in 2016.