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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (30441)5/20/2005 3:56:56 AM
From: mishedlo  Read Replies (3) of 116555
 
Maytag to be acquired for $1.125 bln

NEW YORK (Reuters) - Maytag Corp. (MYG), one of the premier brand names in America for nearly a century, but struggling recently with sagging market share and profits, said on Thursday it agreed to be acquired for $1.125 billion by investors led by private equity firm Ripplewood Holdings LLC.

money.excite.com

20,000 US jobs will likely go up in smoke

With approximately 20,200 employees, Maytag is committed to growth
through innovation backed by well-known premium brand products.
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Percentage of Maytag Products Assembled in the USA:

Laundry Refrigeration Dishwashers Cooking Microwaves
Maytag Appliances 99.3% 99.8% 100% 100% 29.3%
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Employment • 96 percent of Maytag Appliance employees are located in
U.S. facilities. With the opening of Maytag's refrigeration production
facility in Reynosa, Mexico, in 2004, 10 percent of Maytag Appliances
employees will be located outside of the United States. • 73 percent of
Hoover floor care employees are in U.S. facilities. • 100 percent of
Dixie-Narco employees are located in the United States.


maytag.com

Mish
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