In 1945, Phelan organized Tekni-Craft, a pioneering worker cooperative that operated Taylor's manufacturing facilities.

[7] In 1956, the company made a handshake agreement with Ray Kroc of McDonald's Corporation to supply milkshake machines for the fast food chain.

[11] Middleby Corporation of Elgin, Illinois, acquired Taylor from United Technologies' UTC Climate, Controls & Security division in 2018 in a deal valued at $1 billion.

[12] Equipment is not sold directly from the manufacturing location, but the company operates using a distribution system model with distributors based around the world.

[14] As of 2021, the Taylor C602 ice cream machine is found in more than 13,000 McDonald's locations in the United States and many more around the world.