Oreck files for bankruptcy

TS_96224937_360x235_72DPI_RGB

NASHVILLE — Oreck Corporation, the Nashville-based manufacturer of upright vacuums and other cleaning products, has filed for Chapter 11 bankruptcy protection, and is looking for a buyer, according to The Tennessean.

Filing for bankruptcy will allow the company to consolidate its assets and restructure its finances in an effort to sell the company, the article stated.

According to the article, despite the filing, the company is expected to continue daily operations without interruption.

"Oreck will continue to operate in the ordinary course of business, while the sale process takes place, with authorized and exclusive dealers and other trade customers continuing to receive product for sale to ultimate consumers," the company said.

The company anticipates that, after the sale, plant operations and corporate headquarters will stay in Tennessee, the article noted.

Click here to read the article in its entirety.

Cleanfax Staff

Cleanfax provides cleaning and restoration professionals with information designed to help them manage and grow their businesses.

Follow Cleanfax Staff

Related Posts

Share This Article

Join Our Newsletter

Expert Videos

Popular Content

slow economy

5 Marketing Strategies for Carpet Cleaning Businesses in a Potential ‘Slow Economy (the “R” word)’

link building

The Power of Link Building for Your Cleaning Company’s Success

Cleanfax March/April 2023 digital

Cleanfax March/April 2023 Digital Edition Online Now

Leadership Tip passion over experience

Leadership Tips: Passion Over Experience 

Leadership Tip buyer persona

Leadership Tips: Developing a Buyer Persona

Polls

Have you ever been at fault for ruining something and then had to pay to replace it, such as a room of carpet or hard floor, an area rug, or piece of furniture?

View Results

Loading ... Loading ...

Upcoming Events

February 21, 2023

Simply Irresistible: How To Create Marketing Messages To Find New Customers