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Oreck brand lives on with Hong Kong owner
More of a mass market future could be in the cards for the Oreck Corporation following acquisition of its assets this week by TTI Group’s Royal Appliance subsidiary, which manufactures well known home improvement and housewares brands.
Oreck filed Chapter 11 bankruptcy earlier this year and this week the United States Bankruptcy Court for the Middle District of Tennessee approved the sale of its assets to Royal Appliance for a little more than $17 million and the assumption of certain debt obligations.