NuTone
NuTone is an American company that manufactures products mainly for residential use, including doorbells, intercom systems, indoor air quality products, ventilation systems, range hoods, ceiling fans, built-in electric heaters, ironing equipment, and home theater systems.
The company was founded in 1936 by J. Ralph Corbett in Cincinnati, Ohio.[1] Corbett backed an inventor from Dayton, Ohio who was marketing a doorbell that could replace door buzzers. The inventor defaulted on Corbett's loan, and Corbett marketed the product under the NuTone brand, reducing production costs enough to make doorbells affordable and creating the doorbell market. NuTone became a publicly traded company in 1955. Other NuTone-created products included the residential kitchen ventilator hood and built-in kitchen countertop appliances. In 1967 when the Corbetts sold their interest in the company to the Scoville Manufacturing Company,[2] NuTone was the largest American producer of home electrical products.[3][4] NuTone was purchased in 1987 by the British home products manufacturer Valor for $460 million.[5] Nortek, Inc. acquired NuTone from Williams plc in 1998, adding it to the Broan Group, for a purchase price of $242.5 million.[6]
References
- ↑ "Corbett Foundation's Patricia Corbett dies". Cincinnati Business Courier. January 28, 2008. Retrieved June 14, 2011.
- ↑ "J. Ralph Corbett, 91; Executive Aided Arts". New York Times. October 5, 1988. Retrieved June 14, 2011.
- ↑ Wilson, Annasue McCleave (December 2001). "Looking for the Last Diva". Cincinnati.
- ↑ Miller, William J. (May 1972). "Ralph Corbett: Mister Music Chimes Again". Cincinnati.
- ↑ Harper, Timothy (November 29, 1987). "Britons Lock in Profit via Yale, NuTone Deal". Chicago Tribune. Retrieved June 14, 2011.
- ↑ "Nortek Agrees to Buy NuTone from Williams". New York Times. March 11, 1998. Retrieved June 14, 2011.