Tom Oreck May Buy Back Company Stores
Glenwillow, OH and Asheville, NC, July 26, 2013 –- TTI Floor Care and Tom Oreck said they are close to an agreement for the purchase of an unspecified number of Oreck retail stores by Tom Oreck.
TTI assumed ownership of the stores as part of the asset purchase agreement for the Oreck Corporation, which has been finalized.
In addition, Oreck and TTI Floor Care are close to an agreement to give him a continuing role as the brand’s public spokesman and as a senior advisor to the Oreck organization.
TTI will maintain production at the Cookeville, Tennessee facility and is reviewing what it will do with the remaining Oreck company-owned stores.
The Oreck vacuum cleaner brand was founded 50 years ago.
TTI Floor Care's brand portfolio includes Hoover, Dirt Devil, Royal and Hoover Commercial.