Hotpoint invented the Calrod burner design. GE acquired Hotpoint in 1918? to gain the patent for it.
Key Dates:
1878: Thomas Edison establishes the Edison Electric Light Company.
1889: Edison has, by this date, consolidated all of his companies under the name of the Edison General Electric Company.
1892: Edison's company merges with the Thomson-Houston Electric Company to form General Electric Company (GE); company's stock begins trading on the New York Stock Exchange.
1894: Edison sells all his shares in the company, remaining a consultant to GE.
1900: GE establishes the first industrial laboratory in the United States.
1903: Stanley Electric Manufacturing Company of Pittsfield, Massachusetts, a manufacturer of transformers, is acquired.
1906: The first GE major appliance, an electric range, is introduced.
1918: GE merges with Pacific Electric Heating Company, maker of the Hotpoint iron, and Hughes Electric Heating Company, maker of an electric range; company forms Edison Electric Appliance Company to sell products under the GE and Hotpoint brands.
1919: GE, AT&T, and Westinghouse form the Radio Corporation of America (RCA) to develop radio technology.
1924: GE exits from the utilities business following government antitrust action.
1930: Company sells its holdings in RCA because of antitrust considerations.
1938: GE introduces the fluorescent lamp.
1943: General Electric Capital Corporation is established.
1949: Under antitrust pressure, the company is forced to release its light bulb patents to other companies.
1955: The U.S. Navy launches the submarine Seawolf, which is powered by a GE nuclear reactor.
1957: GE receives a license from the Atomic Energy Commission to operate a nuclear power plant; an enormous appliance manufacturing site, Appliance Park, in Louisville, Kentucky, is completed.
1961: The company pleads guilty to price fixing on electrical equipment and is fined nearly half a million dollars.
1976: GE spends $2.2 billion to acquire Utah International, a major coal, copper, uranium, and iron miner and a producer of natural gas and oil.
1981: John F. (Jack) Welch, Jr., becomes chairman and CEO.
1986: Company acquires RCA, which includes the National Broadcasting Company (NBC), for $6.4 billion; Employers Reinsurance is also acquired for $1.1 billion, as well as an 80 percent stake in Kidder Peabody.
1987: GE sells its own and RCA's television manufacturing businesses to the French company Thomson in exchange for Thomson's medical diagnostics business.
1994: Company liquidates Kidder Peabody.
1998: Revenues surpass $100 billion.
2000: GE announces a $45 billion deal to take over Honeywell International Inc.
2001: Honeywell deal is blocked by European Commission; Welch retires and is succeeded by Jeffrey R. Immelt; Heller Financial Inc., a global commercial finance company, is acquired for $5.3 billion.
2002: NBC acquires Telemundo Communications Group Inc.
2004: British health sciences firm Amersham plc is acquired for $9.5 billion; in $14 billion deal, GE buys Vivendi Universal Entertainment, which is combined with NBC to form NBC Universal.
Also, here's an interesting article I found concerning a 1930s appliance show. Has a lot of interesting info and pics on different brands.