Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

NACCO Won't Sell Hamilton Beach/Proctor-Silex Division
Aug 29, 2007
 Printable format
 Email this Article
 Search

Nacco Industries Inc. announced that it will not spinoff its Hamilton Beach/Proctor-Silex small-appliance division as a separate publicly traded company. NACCO had invested more than US$1.5 million and took six to eight months preparing to launch the subsidiary as a free-standing company with its own listing on the New York Stock Exchange.

Spokeswoman Christina Kmetko said the board decided there was too much "recent volatility and uncertainty in the equity and debt markets" to continue with the plan Nacco unveiled months ago. She acknowledged that just in the past three to four weeks, Nacco stock ricocheted up and down daily on the NYSE, especially down.

Instead, the brand will continue in the foreseeable future as a division of Nacco.

Back to Daily News

 

Daily News

...........................................................

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

Apr 23, 2014: CEA: Consumer Sentiment Down in April

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows