The Royal Appliance Mfg. Co. (RAM), a subsidiary of the TTI Group, announced the formal approval for the acquisition of assets of Oreck Corporation. The announcement followed the decision of the Middle District of Tennessee, United States Bankruptcy Court, which formally approved of RAM as the winning bidder for Oreck Corp.'s assets. TTI will maintain the production of the Oreck products at the Cookeville, TN facility.
Simon Lawson, Global President for TTI Floor Care said, "Oreck is a great brand representing high quality innovative products and great customer service. 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 TTI Group, founded in 1985, is a leader for quality consumer, professional and industrial products marketed to the hardware, home improvement and construction industries. TTI Floor Care's portfolio includes the Dirt Devil®, Hoover®, Royal and Hoover Commercial brands.
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