My partner
in crime.
in crime.
AB Electrolux Sells Eureka Division to Chinese Company
- Thread starter eurekaprince
- Start date
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vacerator
Well-known member
"computers"
have made life too complicated. It's time to moved on to other things. (as another twitter comment is posted with orange highlights).
Guess we'd all better get off of our computers. Talk about a hack. (who hates media but loves the attention from it)
We are great already!
Prove me wrong. You've got one term.
I wonder how November 2004 would have panned out had the spring 2006 CBS radio address telling us when we lost our jobs to go to our churches for help, as if money grew on bushes in church gardens.
Yeah, I know, I'm an idiot too, but I'm older, with more insurance. I've lived through more crap than a 35 year old who is still damp behind the ears has.
Maybe a few 70 year olds as well, but I never asked any bankruptcy court to bail me out. Ironic most of them were conservatives to boot.
have made life too complicated. It's time to moved on to other things. (as another twitter comment is posted with orange highlights).
Guess we'd all better get off of our computers. Talk about a hack. (who hates media but loves the attention from it)
We are great already!
Prove me wrong. You've got one term.
I wonder how November 2004 would have panned out had the spring 2006 CBS radio address telling us when we lost our jobs to go to our churches for help, as if money grew on bushes in church gardens.
Yeah, I know, I'm an idiot too, but I'm older, with more insurance. I've lived through more crap than a 35 year old who is still damp behind the ears has.
Maybe a few 70 year olds as well, but I never asked any bankruptcy court to bail me out. Ironic most of them were conservatives to boot.
vacerator
Well-known member
NoXy's post
regarding Electrolux buying Eureka specifically said that Electrolux had wanted to buy Eureka in 1968 when they sold the American divison. That tells me and I already knew that AB Electrolux of Sweden bought Eureka. One of the subsequent owners of Elecrolux USA back then was a food company. I think the one that owned Sara Lee at the time, but don't quote me on it.
regarding Electrolux buying Eureka specifically said that Electrolux had wanted to buy Eureka in 1968 when they sold the American divison. That tells me and I already knew that AB Electrolux of Sweden bought Eureka. One of the subsequent owners of Elecrolux USA back then was a food company. I think the one that owned Sara Lee at the time, but don't quote me on it.
In 1968
Electrolux was purchased by Consolidated Foods which became known as Sara Lee. In 1971 Electrolux AB approached Sara Lee about buying Electrolux USA back and Sara Lee declined. Thus to return to the North American Market, they looked around and approached Eureka. Sara Lee took profits from the sales of Electrolux and grew to what it is today ,
Electrolux did have a leverage buy out try from some upper Management in Electrolux but failed. A buy out from Sara Lee finalized in 1999. The current management team came in and said the company was going to be #1. The sale to Electrolux AB of it's Trademark came after negotiations. Electrolux USA was to quit using Electrolux on their machines in 2003. The use of Electrolux on signage in smaller letters and stating formerly Electrolux used for 25 years.
Factory production did indeed go to El Paso but is now back at Bristol, Va. As Aerus grows they are filling up the capacity of their factory.
Electrolux was purchased by Consolidated Foods which became known as Sara Lee. In 1971 Electrolux AB approached Sara Lee about buying Electrolux USA back and Sara Lee declined. Thus to return to the North American Market, they looked around and approached Eureka. Sara Lee took profits from the sales of Electrolux and grew to what it is today ,
Electrolux did have a leverage buy out try from some upper Management in Electrolux but failed. A buy out from Sara Lee finalized in 1999. The current management team came in and said the company was going to be #1. The sale to Electrolux AB of it's Trademark came after negotiations. Electrolux USA was to quit using Electrolux on their machines in 2003. The use of Electrolux on signage in smaller letters and stating formerly Electrolux used for 25 years.
Factory production did indeed go to El Paso but is now back at Bristol, Va. As Aerus grows they are filling up the capacity of their factory.
kirbyloverdan
Well-known member
Thank you John
For the true history of Aerus formerly Electrolux .
Make America Great Again . 20 more days ...
Dan
For the true history of Aerus formerly Electrolux .
Make America Great Again . 20 more days ...
Dan
John,
You've given a perfect, concise, and true account. It's great when people post the true facts. So many times, facts get mixed up, distorted, or just plain discarded. Although I personally am not an Electrolux,Aerus, fan, I appreciate those who are. I don't even eat Sara Lee productas, as a rule.
Thanks,
John L.
You've given a perfect, concise, and true account. It's great when people post the true facts. So many times, facts get mixed up, distorted, or just plain discarded. Although I personally am not an Electrolux,Aerus, fan, I appreciate those who are. I don't even eat Sara Lee productas, as a rule.
Thanks,
John L.
vacerator
Well-known member
Anyone familiar with
the "crimes against humanity" card game?
They have a post 2016 election bug out kit bag available. It's hilarious. It has a gas mask, a locket for loved ones photos who may not survive, an envelope containing various foreign currency, Canadian, British, Euro's, a genuine Mexican citizenship application, etc., etc.
the "crimes against humanity" card game?
They have a post 2016 election bug out kit bag available. It's hilarious. It has a gas mask, a locket for loved ones photos who may not survive, an envelope containing various foreign currency, Canadian, British, Euro's, a genuine Mexican citizenship application, etc., etc.
Why go
to outsource. The thing is economics. What I will bring up is true and false to give you an idea of what goes on in companies.
You have a 1 million square foot factory building. In side you have Plants A,B, C,D, E ,and F. Each plant area makes a different system. If the company loses sales in a product and decides to end production and has nothing to replace it. It reduces work force and has dormant space. Dormant space costs money. If the facility goes down to 3 plants money is lost big time. In the end the company moves out of the country causing huge layoffs and eventually files bankruptcy in the US and take away retirees Insurance. (This is not Aerus).Similar situation tho.
Aerus stayed in US ,went to smaller facility, as it started to grow they returned to bigger facility and fill up factory to where it pays for itself. The company is being driven by the market that is growing.
to outsource. The thing is economics. What I will bring up is true and false to give you an idea of what goes on in companies.
You have a 1 million square foot factory building. In side you have Plants A,B, C,D, E ,and F. Each plant area makes a different system. If the company loses sales in a product and decides to end production and has nothing to replace it. It reduces work force and has dormant space. Dormant space costs money. If the facility goes down to 3 plants money is lost big time. In the end the company moves out of the country causing huge layoffs and eventually files bankruptcy in the US and take away retirees Insurance. (This is not Aerus).Similar situation tho.
Aerus stayed in US ,went to smaller facility, as it started to grow they returned to bigger facility and fill up factory to where it pays for itself. The company is being driven by the market that is growing.
This purchase by Midea may not be such a bad thing for Eureka. It seems to be a real appliance power house with experience in the design and manufacture of home appliances. Best thing is, they seem to be on the verge of major infrastructure investments in the USA which hopefully means more jobs for Americans.
Here is a news article about the groundbreaking for a new R&D facility in Kentucky. All the men in the photo seem to be American executives of the Chinese company:
http://www.twice.com/news/appliances/midea-ramping-us-appliance-operations/62738
Here is a news article about the groundbreaking for a new R&D facility in Kentucky. All the men in the photo seem to be American executives of the Chinese company:
http://www.twice.com/news/appliances/midea-ramping-us-appliance-operations/62738
Sorry! Two of the guys in the photo are government people: the Mayor of Louisville and the Democratic rep of the State. The other two men are American executives of Midea.
And here's a little promo clip for a Midea canister vacuum - it's bagged....yay!
http://https//youtu.be/D6zLQwX6WiE
http://https//youtu.be/D6zLQwX6WiE
vacerator
Well-known member
Research
and development usually precludes manufacturing, but not always in the same locale.
Empty space does cost money if has to be climate controlled, and taxes paid on it, but sometimes, that expense is a tax deduction.
Companies establish a real estate arm that is a separate entity and lease the property back to the company. Rent can be tax deductible especially if the space is empty, at least for a period of time not always indefinitely.
and development usually precludes manufacturing, but not always in the same locale.
Empty space does cost money if has to be climate controlled, and taxes paid on it, but sometimes, that expense is a tax deduction.
Companies establish a real estate arm that is a separate entity and lease the property back to the company. Rent can be tax deductible especially if the space is empty, at least for a period of time not always indefinitely.
panasonicvac
Well-known member
That's a shame, Eureka was my 2nd favorite department store brand because I've always liked their vacuums when I grew up. I'm not sure if Electrolux (Sweden) will continue to sell Sanitaires or not but someday I hope that they can go back to those old sounding metal motors instead of today's plastic garbage sounding motor. Those Powr-Flite Sanitaire versions are made by Sanitaire (Not Tacony).
I asked on a thread not long ago about how Aerus is doing latley but I haven't gotten an answer yet. Instead I find that more franchises appear to be closing rather than opening more franchises so that's one bad news, however I hear that they are coming out with more products that consumers would be very interested in looking into so that one good news. This still isn't in my plans but I still wouldn't mind opening a Aerus franchise because I still think they have really nice products that's one of the best on the market. But I rather open my own business because there are other companies that I know are better than Aerus like Tacony, ESSCO, Sanitaire, Royal, MD, etc. Even if I still wanted to sell something that's very much like an Aerus, I would sell the Perfect canister and the Proteam Uprights. I hear my current vacuum store company is expanding more stores in my county so that's something I'm looking into if I change my mind about being in the vacuum business.
I asked on a thread not long ago about how Aerus is doing latley but I haven't gotten an answer yet. Instead I find that more franchises appear to be closing rather than opening more franchises so that's one bad news, however I hear that they are coming out with more products that consumers would be very interested in looking into so that one good news. This still isn't in my plans but I still wouldn't mind opening a Aerus franchise because I still think they have really nice products that's one of the best on the market. But I rather open my own business because there are other companies that I know are better than Aerus like Tacony, ESSCO, Sanitaire, Royal, MD, etc. Even if I still wanted to sell something that's very much like an Aerus, I would sell the Perfect canister and the Proteam Uprights. I hear my current vacuum store company is expanding more stores in my county so that's something I'm looking into if I change my mind about being in the vacuum business.
