Founding and first customers On November 11, 1911,
Louis Upton (1886–1952), who worked as an insurance salesman, and his uncle, Emory Upton, who owned a
machine shop, founded the Upton Machine Company. Following a failed business venture, Lou acquired a patent to a manual clothes washer. He approached Emory to determine if he could add an electric motor to the design. With the aid of a $5,000 investment from retailing executive Lowell Bassford, they began producing electric motor-driven wringer washers. After the machines were
recalled and repaired, Federal Electric doubled the order. They remained a customer for three years, then they began producing their own washers. The loss of Federal Electric forced Upton to diversify until, in 1916, they landed
Sears, Roebuck & Co. as a customer. Sears began selling two types of Upton wringer washers under the "Allen" brand, To avoid becoming over-reliant on Sears, Upton began marketing a washer under their own brand name. In 1956, a administrative center was opened in
Benton Harbor, Michigan. In 1957, the RCA Whirlpool Miracle Kitchen was introduced with an estimated 15 million television viewers. The company changed its name back to Whirlpool Corporation and brought in
Robert Elton Brooker as president. At the 1959
American National Exhibition at Sokolniki Park, Moscow, Brooker presided over the Whirlpool kitchen. The Whirlpool kitchen inspired the
Kitchen Debate between then Vice President
Richard Nixon and Soviet Premier
Nikita Khrushchev. In 1966, Whirlpool dropped the RCA name, with the brand then being known as Whirlpool. The following year, the company introduced a 24-hour helpline. Also in 1966, Whirlpool purchased
Warwick Electronics, a major television producer for Sears. The purchase also included the division
Thomas Organ Company. Whirlpool exited the television market in 1976 by selling the operations to Japan's
Sanyo Electronic Co., It also announced that it would close most of its manufacturing facilities in the St. Joseph, Michigan area by the end of 1988.
1980s to 2000s: International Expansion In 1987, Whirlpool began selling compact washers in India and acquired a majority interest in
Inglis of Canada. In 1988, Whirlpool bought a 53% stake in the large-appliance division of
Philips N.V., creating a joint venture called Whirlpool International. The purchase made Whirlpool the world's largest manufacturer of major appliances, with annual sales of approximately $6 billion. The remaining 47% stake was purchased from Philips in 1991, completing the acquisition. In 1989, Whirlpool acquired the Roper brand and
Bauknecht of Germany. Whirlpool entered the Indian market in the late 1980s as part of its global expansion strategy. It founded a joint venture with the
TVS Group and established the first Whirlpool manufacturing facility in
Puducherry, where it manufactured washing machines. In 1995, Whirlpool acquired
Kelvinator India Limited, marking an entry into the refrigerator market as well. That same year, the company acquired major shares in TVS joint venture, and in 1996, the Kelvinator and TVS acquisitions were merged to create Whirlpool of India Limited. This expanded the company's portfolio on the Indian subcontinent to include washing machines, refrigerators, microwave ovens, and air conditioners. Whirlpool of India Limited is headquartered in
Gurgaon, and it owns three manufacturing facilities at
Faridabad, Puducherry and
Pune. The Pune opened most recently, in 2022. In 1997, the company acquired a majority stake in
Embraco, a Brazilian maker of compressors for refrigeration. In 2000, it acquired Brazilian appliance maker Multibrás, owner of the brands Brastemp and Consul, including its stake in Embraco. In 2001, Inglis Ltd. changed its name to Whirlpool Canada. Whirlpool continues to market Inglis appliances to this day.
2000s to present: Growth and closures By 2004, annual revenues exceeded $13 billion. In 2005,
Maytag Corporation shareholders voted to accept Whirlpool Corporation's stock purchase. After the U.S. Justice Department approved the merger in 2006, the company acquired Maytag, including the Maytag,
Jenn-Air,
Amana, Jade,
Magic Chef,
Admiral,
Hoover, and
Dixie-Narco brands. It sold Dixie-Narco to
Crane Co., and Amana Commercial to
AGA. In 2007, Whirlpool sold
Hoover to
Techtronic Industries, TTI Floorcare, and Jade Appliances to
Middleby Corporation. It also closed plants in
Newton, Iowa,
Searcy, Arkansas, and
Herrin, Illinois, resulting in the loss of 4,500 jobs in the affected communities. In 2008, Whirlpool announced the closure of plants in
La Vergne, Tennessee,
Reynosa, Mexico,
Oxford, Mississippi, and
Jackson, Tennessee. In 2009, Whirlpool acquired WC Woods from bankruptcy and closed the company's Evansville, Indiana plant. In 2011, Whirlpool celebrated its 100th anniversary and unveiled its 100th anniversary logo and an updated corporate logo. It also took over the former KarstadtQuelle brand Privileg from
Otto GmbH. In 2011, Whirlpool announced the closure of the Fort Smith Arkansas plant. The following year Whirlpool opened a manufacturing plant in Cleveland, Tennessee replacing a 123-year-old facility. The $200 million project added about 130 jobs to an established workforce of 1,500. The facility manufactures premium cooking appliances for Whirlpool's portfolio of brands. The project includes a distribution center. In July 2014, Whirlpool announced it would pay €758 million ($1 billion) to buy a 60% stake in the Italian rival
Indesit. In December Whirlpool completed a successful mandatory tender offer for the remaining shares and de-listed Indesit from the
Milan Stock Exchange, becoming a wholly owned subsidiary of Whirlpool Italia Holdings S.r.l. In January 2017, Whirlpool announced that it would cut about 500 jobs from its Europe, Middle East, and Africa dryer manufacturing units by 2018. This decision provides the closure of the plant in
Amiens, France, which became an issue in the
2017 French presidential election, with both
Marine Le Pen and
Emmanuel Macron visiting the workers on strike before the second round. In October 2017, Whirlpool and
Sears Holding Corp. ended their 101-year partnership, which had allowed Whirlpool-branded appliances to be sold at Sears and
Kmart stores, due to unresolved pricing negotiations. Whirlpool continues to manufacture Kenmore appliances for Sears. In March 2020, Whirlpool Corporation announced the official opening of a new Factory Distribution Center in
Tulsa, Oklahoma. In November 2022, Whirlpool acquired the Wisconsin-based garbage disposal manufacturer InSinkErator. In January 2023, Whirlpool and
Arçelik A.Ş. agreed to start a new joint venture, Beko Europe B.V., which was to take over Whirlpool's appliance business in Europe, Middle East, and Africa. In August 2023, the
Competition and Markets Authority started a merger inquiry, deciding in October 2023 that an in-depth investigation into this joint venture would be needed to ensure that it would not reduce competition in the UK market. This process concluded in March 2024, allowing the joint venture to go through. Arçelik owns 75% of Beko Europe while Whirlpool owns 25%, and the new joint venture now operates former Whirlpool brands such as Hotpoint and Indesit. In February 2024, Whirlpool announced the sale of a 24% stake in its Indian subsidiary for $428 million, retaining a 51% ownership.
Supermicro will replace Whirlpool in the S&P 500 starting at market open March 18, 2024. It was possible after the sequential decline in Whirlpool's market cap, from 14.2B in the end of 2021 to less than 6B in March 2024. ==Carbon footprint==