Hoover

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Hoover

COMPANY

Founded by James Murray Spangler in 1908 as the Electric Suction Sweeper Company. William H. Hoover was the major investor and eventual president, and the company was renamed the Hoover Company in 1922. During World War II it manufactured equipment for the US war effort. Hoover was privately held until an IPO in 1943 made it a public company. It was acquired in 1985 by the Chicago Pacific Corporation for $553M. Four years later it and several other CPC assets were sold to Maytag for $961M. After Whirlpool took over Maytag in 2006, it sold Hoover to the Hong Kong vacuum and hand tool manufacturer Techtronic Industries for $107M, less than one year later.

Official Website:
http://www.hoover.com/

Industry:
Consumer Products

Corporate headquarters:
North Canton, OH

EXECUTIVES

Name Occupation Birth Death Known for

James Murray Spangler Inventor 20-Nov-1848 22-Jan-1915 Invented the upright vacuum cleaner

EXTRANEOUS

Name Occupation Birth Death Known for

John Diebold Author 8-Jun-1926 26-Dec-2005 Advocate of automation

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