Hamilton Beach to Join With Rival Applica
From Reuters
Nacco Industries Inc. said it would merge its Hamilton Beach/Proctor-Silex business with rival Applica Inc. in a bid to create the largest U.S. company focused on small home appliances.
Cleveland-based Nacco and Miramar, Fla.-based Applica estimated that the new Hamilton Beach Inc. would have annual sales of about $1.1 billion. Applica sells appliances under licensed brand names such as Black & Decker and its own brands including Windmere.
