Quasar (brand) - Quasar Electronics, Inc.

Quasar Electronics, Inc.

On May 29, 1974, Motorola, Inc., sold its television manufacturing division — including its plants in Pontiac, Illinois; Franklin Park, Illinois; and Markham, Ontario — to Matsushita, who continued production of home television receivers under a newly incorporated entity, Quasar Electronics, Inc., an American managed subsidiary of Matsushita Electronic Corporation of America (MECA). Motorola continued to operate its plant in Quincy, Illinois for two years (until 1976) at which time ownership of the plant passed to the new company. Later, Quasar Company, the sales company, was split off from Matsushita Industrial Company, the manufacturing entity.

Corporate names

• Quasar Electronics Corporation — incorporated January 12, 1976, in Delaware
• Quasar Electronics Corporation — incorporated January 22, 1976, in Illinois
• Panasonic Corporation of North America; incorporated January 14, 1974, in Delaware

CEOs of Quasar

Bob Greenberg

• Alex Stone
• F. Jack Pluckhan