Its products have included the Mixmaster mixer, the Sunbeam CG waffle iron, Coffeemaster (1938–1964)[2] and the fully automatic T20 toaster.
The company has endured a long history of struggles, including in 2001, when it filed for bankruptcy and was also found to have committed massive accounting fraud, for which it was subject to SEC investigation.
In 1897 John K. Stewart and Thomas J. Clark incorporated their Chicago Flexible Shaft Company, which made horse trimming and sheep shearing machinery.
In 1910 the company produced its first Sunbeam branded household appliance, the Princess Electric Iron (with an option to buy a fireproof metal storage box).
[3] In 1928, the company's head designer, Swedish immigrant Ivar Jepson, alongside Bernard Alton Graham, invented the Mixmaster mixer.
[6][7] Other accessories include: dough hooks, blender, meat mincer, fine and coarse graters and came with 2 bowl sizes.
By the end of the 1970s, as the leading American manufacturer of small appliances, Sunbeam enjoyed about $1.3 billion in annual sales and employed nearly 30,000 people worldwide.
The decline continued, worsened by the stock market crash of October 1987, and Allegheny filed for Chapter 11 bankruptcy.
An internal investigation revealed that Sunbeam was in severe crisis, and that Dunlap had encouraged violations of accepted accounting rules.
It also said that Dunlap had falsely created the impression of massive losses in 1996 to make it look as if Sunbeam made a dramatic turnaround the next year.
Along with Dunlap and several other officers, the SEC sued Phillip Harlow at Sunbeam's accounting firm, Arthur Andersen.