History Assignment Example | Topics and Well Written Essays - 250 words - 5

History - Assignment Example According to OXO (2010), in 1990, Ferbers engaged in research about kitchen tools, liaising with Smart Design and later came up with OXO Good Grip kitchen products. The products attracted so many people at a show held in San Francisco having hit the US market massively in 1990. The secret for the success of OXO kitchenware products was their low prices and wide variety. Ferber sold his company to General Housewares Corporation in 1992 later retiring from the company’s management in 1995. The company has grown to a point of making more than 850 products for different parts of the home. Some of the products that the company currently makes include cooking tools, barware, garden tools, trash cans, household cleaning tools, lighting, office products, storage and organization products, bath cleaning tools and accessories. In terms of economic growth, the company achieved an yearly growth rate in sales of close to 27 percent from 1991 to