Glazer and Marotta started North American Systems (NAS) as a coffee delivery service. But when the lending climate went sour in the late 1960s, the partners sought a new business interest. had started out as a lumberyard, then began building garages in the car-crazed post-war era and moved on to residential and commercial construction in the 1960s. Launched with a $500 loan from Marotta's father, the pair's Glazer-Marotta Co. Friends since high school, the two had owned and operated a real estate development company since 1949. Marotta, Sr., and Samuel Glazer founded North American Systems, Inc. Coffee's odyssey began in 1968, when Vincent G. The new parent hoped to parlay those strengths to the benefit of its Health O Meter and Pelouze brand scales. Coffee brought two important, yet intangible, assets to the table: its extremely well-recognized brand name and its highly praised distributor network. Coffee endured a leveraged buyout and two significant changes in ownership before being acquired by Health O Meter Products, Inc. Privately held from its inception until 1987, the company thrived in the late 1970s and experienced agonizing losses in the late 1980s. Coffee's total annual sales of $174 million.
By 1995, new products contributed about one-third of Mr. Coffee Juicer (1992) The Food Dehydrator by Mr. Other new product introductions followed in rapid succession: the Mr. Coffee launched the Potato Perfect potato baker, a countertop appliance that gave two potatoes oven-baked flavor and texture in half the time of conventional baking. In the late 1980s and early 1990s, the company hoped to capitalize on its well-known brand name through new product introductions. also manufactures iced and hot teamakers, coffee filters, and other small household appliances.
Best known for its pioneering and market-leading automatic drip coffeemakers, Mr.
0 kommentar(er)
