Duracraft was founded in the late 1980s by Tim Chen, Bernard Chiu and Ronald Izen in Southborough, Massachusetts. Duracraft manufactured home appliances such as fans, humidifiers, dehumidifiers and air conditioners in the United States, China, and South America.
In 2002, Kaz Incorporated (privately held) acquired Honeywell's Home Environment business for an undisclosed sum. This acquisition added Asia-based manufacturing capabilities that fueled the company's ability to enter new markets competitively.
This article includes a list of references, but its sources remain unclear because it has insufficient inline citations. (November 2012) (Learn how and when to remove this template message)
- CPSC Recall (Archive)
- Boston Globe Article
- Bernard Chiu Bio from First Act
- Reuters: Honeywell Purchase of Duracraft
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