Skip to content

Conair Corporation: For Professionals And Consumers

May 1, 2014

In 1959 Leandro P. Rizzuto funded Conair in his parents’ garage in Queens. The firm started by selling hair rollers and hair dryers. Conair went public in 1972.  The firm’s status changed in 1985 when it became private again after a leveraged buyout.

Today Conair is a multinational corporation which sells small appliances, personal care products, and health and beauty products that are geared towards both professionals and consumers. Since its founding the firm has grown and expanded to include 10 product divisions.

Conair’s growth has been both organic and through acquisitions. The firm acquired Cuisinart in 1989. Waring Products was acquired in 1998 and Allegro, a bag manufacturer was acquired in 2007. Pollenex was acquired after Jarden acquired Holmes in 2005, and was rebranded as Conair Home in 2013.

While the company has continued its growth founder Rizzuto got into trouble with the IRS. He pleaded guilty in 2002 to tax evasion associated with his tenure as CEO of Conair. He received a prison sentence and Conair paid millions to cover their tax liabilities.

Company headquarters is located in East Windsor, New Jersey.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: