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The following information is provided courtesy of Wikipedia:
The Maytag Washing Machine Company was founded in 1893 by businessman Frederick Maytag. In 1925, the Maytag Washing Machine Company became Maytag, Inc. Frederick Louis Maytag, his two brothers-in-law, and George W. Parsons each contributed $600 for a total of $2,400 to start a new farm implement company named Parsons Band-Cutter & Self Feeder Company. In addition to washing machines, the company made threshing machines, band-cutters, and self-feeder attachments invented by Parsons. Later, they made corn huskers and shredders.
In 1915, Maytag developed its Multi-Motor gasoline-engine washer. This allowed customers in rural areas without electricity to utilize the automatic washers.
In 1919, The first aluminum washer tub was produced by Maytag. Prior to this, it had been believed in the industry that aluminum tub washers could not be built. This aluminum tub proved to have numerous advantages over the wooden tub, which had issues with leaking and rotting.
In 1922, Howard Snyder invented the vaned agitator. The agitator is placed inside the tub and mounted in the bottom of the tub. The concept was that, instead of washboarding or dragging the clothes, they would be gently agitated. Maytag first introduced this new washer, the ‘Gyrafoam’, and became exclusively an appliance company.
During the Great Depression of the 1930s, the company was one of the few to actually make a profit in successive years.
The Maytag Toy Racer was a series of small one-passenger automobiles built by the Maytag Company between October 11, 1934 and December 1, 1941 for promotional purposes. The toy racer was powered by Maytag Model 92 one-cylinder or, later, two-cylinder air-cooled Multi-Motor engines.
In 1983, Maytag discontinued production of wringer washers, after 76 years.
In 2001, the company acquired the Amana Corporation and its appliance assembly facilities.
In 2005, Haier sought to expand its share of foreign markets by acquiring rival white-goods OEMs and by expanding overseas production capacity. With backing from two large U.S. private equity funds, Haier made a bid to acquire U.S. appliance maker Maytag for $1.28 billion. Maytag then became the subject of a takeover battle between a private investment group in the United States. (Ripplewood); a three party group composed of Blackstone, Baird and Haier Corporation, a Chinese appliance manufacturer; and the Whirlpool Corporation. On December 22, Maytag stockholders agreed to sell Maytag to Whirlpool, ending Maytag’s 112-year history as an independent company. Maytag was bought by Whirlpool for $1.7 billion.
On April 1, 2006, Whirlpool completed its acquisition of Maytag Corporation.