Rival (consumer products company)
 | |
| Company type | brand |
|---|---|
| Industry | Consumer products |
| Founded | 1932[1] |
Area served | Worldwide |
| Products | Home appliances |
| Parent | Jarden |
| Website | www.rivalproducts.com/ |
The Rival Company was an American manufacturer of small appliances that produced products under the Bionaire, Crock-Pot, Fasco, Patton, Pollenex, Rival, Simer, and White Mountain brands. They became a wholly owned subsidiary of Holmes Products Corp. in 1999, and are now a brand of Sunbeam Products, a subsidiary of Jarden Corporation, which purchased Holmes in 2005.
History
Rival was founded in 1932 by Henry J. Talge as the Rival Manufacturing Co., which specialized in die casting. They soon began producing food preparation products under the "O-Mat" line, such as the Juice-O-Mat juicer, Can-O-Mat can opener, and Broil-O-Mat broiler. After shutting down to produce ammunition during World War II, Rival expanded their product lines in the post-war era. They acquired Waverly Products, Inc., expanding their products into the home appliances market with Waverly's popular Steam-O-Mat iron.[2]
In 1963, the company was sold to Stern Brother Investment Bank, and went public in 1964. Soon after, they acquired Titan Manufacturing Company and their line of portable electric heaters. In 1970, they acquired Naxon Utilities Corp., makers of a little-known product called the "Bean Pot" slow cooker. Rival re-introduced the Bean Pot as the Crock-Pot in 1971, and it quickly became one of their top products.[2]
Rival went private again in 1986, but became a publicly traded company again in 1992.[2] After going public again, they acquired the Simer Pump Company, Pollenex Corp, White Mountain Freezers, Patton Electric Company, Inc., Fasco Consumer Products, and Bionaire, Inc. during the 1990s.[2][3] However, in February 1999, Rival was acquired by Holmes Products Corp, a manufacturer of air handling products such as fans, heaters, humidifiers, and filters (markets in which Rival was also a major player).[4]
Holmes continued marketing Rival's products under the "Rival Products" brand name until they were acquired by Jarden Corporation in 2005.[4] Jarden's Sunbeam Products, Inc. subsidiary continues to manufacture products under the Rival and Holmes brands, although Crock-Pot was spun off as its own brand and its slow cookers no longer feature the Rival logo, and Bionaire and Patton have become Jarden subsidiaries.[5] The "Rival" brand name and logo are also licensed by Wal-Mart for some of their store brand small appliances.[6]
External links
References
- ^ "The Rival Company -- Company History". Funding Universe. Retrieved 2009-11-24.
- ^ a b c d http://www.fundinguniverse.com/company-histories/The-Rival-Company-Company-History.html
- ^ http://www.allbusiness.com/company-activities-management/company-structures-ownership/7207899-1.html
- ^ a b http://www.allbusiness.com/banking-finance/financial-markets-investing-securities/6746257-1.html
- ^ http://www.jardencs.com/Brands.aspx
- ^ http://www.rivalproducts.com/manuals/MANUALS/BL-706_43_79186822.PDF