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

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

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

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