The Chicago Pacific Corporation was a shell corporation created from the remains of the

Chicago, Rock Island and Pacific Railroad The Chicago, Rock Island and Pacific Railroad (CRI&P RW, sometimes called ''Chicago, Rock Island and Pacific Railway'') was an American Class I railroad. It was also known as the Rock Island Line, or, in its final years, The Rock. At the end ...

. It managed to use much of the capital made from the liquidation of the Rock Island to acquire non-rail ventures such as

The Hoover Company The Hoover Company is a home appliance company founded in Ohio, United States. It also established a major base in the United Kingdom; and, mostly in the 20th century, it dominated the electric vacuum cleaner industry, to the point where the Ho ...

, Pennsylvania House/Kittinger, Inc., and Rowenta A.G.. In 1988, the now profitable company was acquired by the

Maytag The Maytag Corporation is an American home and commercial appliance company owned by Whirlpool Corporation since April 2006. Company history The Maytag Washing Machine Company was founded in 1893 by businessman Frederick Maytag. In 1925, ...

Corporation.

References

Holding companies established in 1984 Chicago, Rock Island and Pacific Railroad American companies established in 1984 {{US-company-stub