Russell Hobbs, Inc.

This article is about the American company founded as Salton, Inc. For the original British company, see Russell Hobbs.
Russell Hobbs, Inc.
FormerlySalton, Inc.
IndustryHome appliances
Founded1947; 77 years ago (1947)
FounderLou Salton
Defunct2010 (2010)
FateAcquired by Spectrum Brands
Headquarters
Miramar, Florida
,
United States
A typical George Foreman grill
A Salton electric rice cooker

Russell Hobbs, Inc. (formerly Salton, Inc.), was an American company based in Florida which manufactured home appliances, most notably the George Foreman grill and Russell Hobbs appliances. In June 2010, Russell Hobbs, Inc. was taken over by and became part of Spectrum Brands. The name was derived from the British company, Russell Hobbs.

Company history

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The company was founded in 1947 by Lou Salton, a Jewish immigrant from Poland, and its headquarters were in Miramar, Florida.

In October 2000, Salton entered an exclusive license agreement with Synergy Worldwide to market and distribute the "Spin Fryer", designed by Reno R. Rolle, under the George Foreman brand.[1]

In 2001, Salton bought the UK housewares and personal care company Pifco Group, which included the brands of Russell Hobbs, Carmen and Tower.[2]

Salton also purchased Westclox in 2001, the name and other trademarks (including Big Ben and Spartus) from the bankrupt General Time Corporation.[3]

Salton was licensed to make small appliances, such as vacuum cleaners under the Westinghouse name, from 2002 to 2008.[4]

On August 6, 2007, Salton was suspended from the NYSE.[5] It was subsequently listed on the OTC Bulletin Board, changing its symbol from SFP to SFPI.

In October 2007, Salton sold its entire time products business, including the Westclox and Ingraham trademarks, to NYL Holdings LLC.[6][7]

Salton merged with another small household appliance business, Applica Incorporated, in December of the same year, which owned the LitterMaid brand and a license to the Black and Decker brand for home appliances. Applica then became a wholly owned subsidiary of Salton, Inc. In December 2009, the combined company changed its name to Russell Hobbs, Inc.[8]

A Canadian company with the name Salton Appliances (1985) Corp.[9] continues to operate in the home appliance sector as an independent entity. There has never been any connection between Russell Hobbs, Inc. (formerly Salton, Inc.) and Salton Appliances (1985) Corp., which sells small kitchen appliances widely under Salton, Toastess, Delfino, and private brands throughout Canada, the United States, and Latin America.[citation needed]

Spectrum Brands

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Spectrum Brands bought Russell Hobbs, Inc., in 2010. [10]

References

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  1. ^ "Salton Extends Foreman Brand With Forthcoming Fryer - HomeWorld Business". HomeWorld Business. 2000-10-16. Retrieved 2017-02-05.
  2. ^ "Salton buys up Pifco Group". AllBusiness. 1 June 2001. Archived from the original on 25 June 2009. Retrieved 16 September 2016.
  3. ^ Bloomberg News (8 August 2001). "Company News: Salton Buying Westclox, Big Ben and Spartus Brands". The New York Times. Retrieved 16 September 2016.
  4. ^ "Salton, Inc. Announces Exclusive Licensing Agreement With Westinghouse; Salton Granted Right to Use Westinghouse Brand Name & Circle W Trademark". Business Wire. April 22, 2002.
  5. ^ "NYSE, New York Stock Exchange > About Us > News & Events > News Releases > Press Release 08-01-2007". Archived from the original on 2013-05-26. Retrieved 2017-09-11.
  6. ^ "NYL Holdings - Westclox, Westclox TECH, Ingraham, Big Ben and Baby Ben clocks". nylholdings.com.
  7. ^ "Summary of SALTON INC - Yahoo! Finance". 2007-11-13. Retrieved 2008-10-22.[dead link‍]
  8. ^ "Russell Hobbs » About". 13 April 2011. Archived from the original on 13 April 2011.
  9. ^ salton.com According to the ICANN registration database, this domain was created on 1996-07-23 and as of January 2015 it is registered to Salton Appliances (1985) Corporation, 81A Brunswick Blvd., Dollard Des Ormeaux, Quebec, Canada. Phone: +1 514-685-3660; Fax: +1 514-685-8300
  10. ^ Newman, Judy (2010-06-23). "What to expect from the Spectrum Brands acquisition of Russell Hobbs". Wisconsin State Journal. Retrieved 2011-10-17.
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