NASHVILLE, Tenn. (AP) -- A bankruptcy purchase agreement states the Oreck vacuum cleaner plant in Cookeville would remain open if a judge approves the sale of the brand to the owners of Hoover.
The Tennessean cited bankruptcy court documents in reporting the 200-plus manufacturing employees and at least 15 workers at Oreck's Nashville headquarters would keep their jobs.
However, the agreement calls for the closing or selling of the 100 Oreck factory outlet stores.
Specifications were filed Monday after TTI Floor Care North America and its Royal Appliance Manufacturing Co. subsidiary entered the winning bid of $17.25 million last week in Nashville.
The agreement is scheduled to be approved Tuesday in court.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.