In 1920, the Philadelphia Textile Machinery Company, founded in 1885, formed Proctor & Schwartz, Inc. Seeking new thermostat technology, Proctor & Schwartz, Inc. formed Proctor & Schwartz Electric Company. In about 1960, Proctor & Schwartz Electric became interested in the Silex Company, a manufacturer of coffeemakers and irons.
On March 1, 1960, the Proctor and Silex companies merged with great success to offer consumers a wide array of appliances. The new company was known as the Proctor-Silex Corporation. The company had many firsts: the first silent toaster, first electric glass coffeemaker, first cord-attached iron, first toaster oven/broiler, first pop-up toaster/toaster oven, first adjustable automatic iron, first snap-apart line of serviceable kitchen appliances, and first see-through steam iron water tank.
In 1990, NACCO Industries, Inc. had the foresight to bring two powerhouse appliance manufacturers – Hamilton Beach and Proctor-Silex – together. NACCO merged the two companies in 1990 to create the largest U.S. manufacturer of small kitchen appliances. Today, Hamilton Beach Brands, Inc. continues to grow with a progressive new image and continued dedication to serving consumers.