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Home > Fortune 500 Companies > Maytag Corp
Maytag Corp
Maytag Corp is a fortune 500 stock listed company founded in 1893 with a good stock performance. It trades under MYG.The headquarters are in Newton, Iowa.
Maytag has 14 manufacturing plants throughout the United States and Mexico. Maytag Corporation is a 4.7 billion dollars home and commercial appliance company. With approximately 18,000 employees worldwide, it makes and sells home and commercial appliances. The chairman and CEO of Maytag Corporation, Ralph F. Hake, joined Maytag in 2001.
Maytag Corporate in Newton, Iowa, is responsible for divisional administration for sales, marketing, human resources, logistics, finance, legal, information technology, manufacturing and engineering, and customer service.
Maytag became the subject of a takeover battle between a private investment group in the United States Ripplewood, a 3 party group comprised of Blackstone, Baird and Haier Corporation, a Chinese appliance manufacturer, and the Whirlpool Corporation. On December 22, 2005 Maytag stockholders agreed to sell Maytag to Whirlpool. Pending government approval, it ends Maytag's 112 year run as an independent company. On March 31st, Whirlpool Corp. completed its acquisition of Maytag Corp., and will immediately begin integrating the two appliance companies.
In major appliances, Maytag is among the top three companies in the North American market, offering a full line of washing machines, dryers, dishwashers, refrigerators, and ranges under the brand names Maytag, Hoov etc.
In commercial products, Maytag owns Dixie-Narco brand, a leader in refrigerated soft drink and specialty vending machines as well as Jade cooking products and Amana commercial cooking products.
Maytag's presence in markets around the world includes sales
operations in Australia, Mexico, Puerto Rico, and the United Kingdom. The corporation's export sales and marketing, licensing of brands, and international joint ventures are coordinated by Maytag International in Schaumburg, Illinois.
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