GLENWILLOW, Ohio, July 16, 2013 /PRNewswire/ -- Royal Appliance Mfg. Co. (RAM), a subsidiary of the TTI Group, announced today that the United States Bankruptcy Court, Middle District of Tennessee formally approved RAM as the winning bidder for the assets of the Oreck Corporation.
"Oreck is a great brand representing high quality innovative products and great customer service," Simon Lawson, Global President, TTI Floor Care said.
TTI confirmed its plans to maintain production at the Cookeville, TN facility.
"The Cookeville plant has unique capabilities and represents a strong fit with our existing portfolio of production facilities," Lawson said. "We will be reviewing the situation with regard to Oreck company-owned stores and will be meeting with the team in Oreck's Nashville headquarters over the next few days to discuss future opportunities."
The Oreck Brand, founded 50 years ago, earned category leading consumer loyalty by delivering high quality premium products and backing up those products with unbeatable customer service.
About TTI Floor Care
TTI Floor Care's powerhouse brand portfolio in North America includes Hoover®, Dirt Devil®, Royal and Hoover Commercial. TTI Floor Care is dedicated to building leadership through innovation and demonstrates commitment and passion to be the number one floor care company. TTI Floor Care is an equal opportunity employer.
About the TTI Group
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world-class leader in quality consumer, professional and industrial products marketed to the home improvement, hardware, and construction industries. An unrelenting strategic focus on Powerful Brands, Innovative Products, Exceptional People, and Operational Excellence drives our success. TTI's powerful brand portfolio includes MILWAUKEE®, AEG®, and RYOBI® power tools, accessories and hand tools, RYOBI® and HOMELITE® outdoor products, and HOOVER®, DIRT DEVIL® and VAX® floor care and appliances.
Contact: Garth D. Ely, TTI Floor Care North America, 440-996-2141, [email protected]
SOURCE TTI Floor Care
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