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Hoover arm bids for assets of Oreck Corp.
2013-07-01 23:38:11| Appliances - Topix.net
A company affiliated with vacuum cleaner manufacturer Hoover has submitted a bid to buy the assets of Nashville-based competitor Oreck Corp., which filed for bankruptcy reorganization in May. The Royal Appliance Manufacturing Co., which along with Hoover is a wholly owned subsidiary of Techtronic Industrites Co.
Oreck reports a $5 million cash-flow deficit for May
2013-06-19 23:16:55| Appliances - Topix.net
Nashville-based Oreck Corp., the vacuum cleaner/home products company, posted a nearly $5 million cash flow deficit during the last three weeks of May, after filing for Chapter 11 bankruptcy protection.
Oreck bid deadline July 1
2013-06-12 16:28:48| Appliances - Topix.net
The U.S. Bankruptcy Court in Nashville has given final approval to the timetable for the sale of the assets of the Oreck Corp., with a deadline for bids of July 1 and an auction July 8 in case there are competing bids.
Tom Oreck responds to company bankruptcy
2013-06-05 06:35:11| Appliances - Topix.net
It's been nearly a month since the news the Oreck Corporation filed for Chapter 11 bankruptcy protection.
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Could Oreck be swept up by Hoover?
2013-05-22 22:26:13| Appliances - Topix.net
Oreck Corp. got approval Tuesday for an interim financing plan that will allow it to keep operating as it prepares to sell itself to the founding Oreck family or someone else -- perhaps even competitor Hoover.