Has anybody heard anything about Samsung purchasing Maytag?? I have a friend who owns an independent appliance store. He was told this last week at a meeting in Atlanta. Hmmmmm..
Sale of Maytag?????
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mrb627
Well-known member
Funny.
Funny. I doubt that this will ever happen. But the possibilities might make you say, Hmmmmm.
MRB
Funny. I doubt that this will ever happen. But the possibilities might make you say, Hmmmmm.
MRB
laundromat
Well-known member
maytag buyout
There's been a rumor going around about this but just a rumor.No news from any reliable sources as of yet.
There's been a rumor going around about this but just a rumor.No news from any reliable sources as of yet.
Way Maytag has been going-just might be an improvement!
arrrooohhh
Well-known member
Its funny how people know so little about the appliance industry, even people who work in it!
Maytag contracts another maker (Samsung) for a particular product and peopel automatically assume that the brand has been taken over.
Electrolux in Australia has gone to great lengths to market itself and its main brands, Westinghouse and Simpson. Westinghouse however, sells an LG front loader under its own name, this was from when it was Owned by Email, and no doubt will be replaced by an Electrolux product when the contract runs out, like the Simpson front loader.
Yet one salesman told me that the Whole Electrlux/Simpson/Westinghouse line was made in Korea buy LG!! I pointed out to hime the label on the simpson that said made in Italy and he didnt know what to say. I also said that I though Electrlux was a swedish firm not Korean.
Maytag contracts another maker (Samsung) for a particular product and peopel automatically assume that the brand has been taken over.
Electrolux in Australia has gone to great lengths to market itself and its main brands, Westinghouse and Simpson. Westinghouse however, sells an LG front loader under its own name, this was from when it was Owned by Email, and no doubt will be replaced by an Electrolux product when the contract runs out, like the Simpson front loader.
Yet one salesman told me that the Whole Electrlux/Simpson/Westinghouse line was made in Korea buy LG!! I pointed out to hime the label on the simpson that said made in Italy and he didnt know what to say. I also said that I though Electrlux was a swedish firm not Korean.
Rumors have been rife by Wall Street people that Maytag is prime for either a takover or sale.
Maytag isn't doing as well as it should, and it's share price is reflecting this. Amoung it's many problems are high labour costs compared to other appliance makers, and that many of their factories are not efficient. It should be noted however Maytag has kept more production in the United States than other appliance makers. Some feel this had
Maytag isn't doing as well as it should, and it's share price is reflecting this. Amoung it's many problems are high labour costs compared to other appliance makers, and that many of their factories are not efficient. It should be noted however Maytag has kept more production in the United States than other appliance makers. Some feel this had
arrrooohhh
Well-known member
Was there some kind of error in your last post Laundress? I didnt get all of it and I am interested in what you were saying.
Maybe a take over would serve Maytag right for companies that it has taken over and ruined, i.e. Hoover which used to be one world wide company and is now separate entities around the world.
Maybe a take over would serve Maytag right for companies that it has taken over and ruined, i.e. Hoover which used to be one world wide company and is now separate entities around the world.
Being in the appliance repair business,I am well aware of rebadged products. It has been going on almost as long as appliances have been manufactured. I am not basing my statement on that. But, maybe you are right. This "rumor" came from Whirlpool people and it wasn't stated as a rumor so I thought I would say it on here to see if anyone had heard the same or had more info.
Arrooooh,
Sorry my previous message was cut off. The ending should have read, "some people (meaning Wall Street) thinks because Maytag has tried to keep more production in the United States,they are suffering in terms of costs and margins".
Maytag has begun to move more plants overseas and is doing things like the rebadged Samsung sold as "Maytag Neptune Compact Washer/Dryer", but other problems loom on the horizon.
One thing all appliance makers are suffering from is high steel prices, which affected both Whirlpool's and Electrolux's margins last quarter.
Maytag also has an underfunded pension plan and lots of debt, two other things factoring in.
I'd be surprised if Maytag is actually sold to LG, what could happen is some sort of merger or Samsung buying a major stake in Maytag. That would bring in cash and give Maytag access to production and distribution in low cost Asia, without Maytag having to build costly new factories. LG would gain Maytag's distribution and service/tech support in the United States,(the later it REALLY needs IMHO).
Launderess
Sorry my previous message was cut off. The ending should have read, "some people (meaning Wall Street) thinks because Maytag has tried to keep more production in the United States,they are suffering in terms of costs and margins".
Maytag has begun to move more plants overseas and is doing things like the rebadged Samsung sold as "Maytag Neptune Compact Washer/Dryer", but other problems loom on the horizon.
One thing all appliance makers are suffering from is high steel prices, which affected both Whirlpool's and Electrolux's margins last quarter.
Maytag also has an underfunded pension plan and lots of debt, two other things factoring in.
I'd be surprised if Maytag is actually sold to LG, what could happen is some sort of merger or Samsung buying a major stake in Maytag. That would bring in cash and give Maytag access to production and distribution in low cost Asia, without Maytag having to build costly new factories. LG would gain Maytag's distribution and service/tech support in the United States,(the later it REALLY needs IMHO).
Launderess
I own some Maytag stock.Haven't seen anything in the info they send shareholders,but nothing would surprise me.
I wonder what would happen to Dixie-Narco vending machines,and Hoover,should a buyout occur.
I wonder what would happen to Dixie-Narco vending machines,and Hoover,should a buyout occur.
My bad, previous post should have read "... sold to Samsung" not LG.
As for Hoover and the other brands in Maytag's stable they could either be purchased together with Maytag or any number of things. For instance the buyer could sell off brands to raise cash and cut losses.
This is all premature, but Maytag really has brought quite allot of this on it's self. What they need to do is look deep into their stable of appliace designs (vintage Dependable Care, Hoover Twin-Tubs and compact dryers) and get back to basics. If Maytag started putting out quality appliances like their old Dependable Care line of washers again, it might win customers back. Also it is probably time to maybe update/redo the original Neptune design. Maybe add a glass door, new features, get rid of the things causing problems etc. With Speed Queen days away from launching their "Commercial HomeStyle" washers for home use, Maytag could introduce some of their better commercial washers, retooled for home use.
Hoover is a good example of Maytag taking a great brand and starving it to death. Judging by world sales, twin tub washers are very popular, and very water efficient. If the extractor could be cranked up to "Spin-X" speeds, the combination would be wonderful. Unimac makes an extractor as part of it's tub washer units that sprays a fine mist of water during the spin rinse, before cranking up to extractor speed. It is very good at removing soil,muck and detergent. Maytag could look into this also.
In short, again Maytag has vaults of great design ideas,it needs to stop chasing every new fad and get back to basics. Hey if worse comes to worse, ask a few of the members here in the group in for a "Think Tank". If nothing else Maytag execs would get an earful! *LOL*
As for Hoover and the other brands in Maytag's stable they could either be purchased together with Maytag or any number of things. For instance the buyer could sell off brands to raise cash and cut losses.
This is all premature, but Maytag really has brought quite allot of this on it's self. What they need to do is look deep into their stable of appliace designs (vintage Dependable Care, Hoover Twin-Tubs and compact dryers) and get back to basics. If Maytag started putting out quality appliances like their old Dependable Care line of washers again, it might win customers back. Also it is probably time to maybe update/redo the original Neptune design. Maybe add a glass door, new features, get rid of the things causing problems etc. With Speed Queen days away from launching their "Commercial HomeStyle" washers for home use, Maytag could introduce some of their better commercial washers, retooled for home use.
Hoover is a good example of Maytag taking a great brand and starving it to death. Judging by world sales, twin tub washers are very popular, and very water efficient. If the extractor could be cranked up to "Spin-X" speeds, the combination would be wonderful. Unimac makes an extractor as part of it's tub washer units that sprays a fine mist of water during the spin rinse, before cranking up to extractor speed. It is very good at removing soil,muck and detergent. Maytag could look into this also.
In short, again Maytag has vaults of great design ideas,it needs to stop chasing every new fad and get back to basics. Hey if worse comes to worse, ask a few of the members here in the group in for a "Think Tank". If nothing else Maytag execs would get an earful! *LOL*
arrrooohhh
Well-known member
Hoover...
Well Hoover got truly screwed in Australia. Maytag sold its Australian Hoover division th a company named southcorp in the mid 90's and started scaling down its Meadowbank factory in Sydney. They stopped producing Vacuums and my favourite, the Hoover front loader. These lines were replaced with Imports. They then sold the remaining top loading manufacturing to its biggest competitor, the Email company. Email was swallowed up by the ELectrolux company and now Hoover washing machines are being slowly phased out. So Sad as both the Hoover front and top loaders were lots of fun with one of the funkiest wash actions you could wish for!
Well Hoover got truly screwed in Australia. Maytag sold its Australian Hoover division th a company named southcorp in the mid 90's and started scaling down its Meadowbank factory in Sydney. They stopped producing Vacuums and my favourite, the Hoover front loader. These lines were replaced with Imports. They then sold the remaining top loading manufacturing to its biggest competitor, the Email company. Email was swallowed up by the ELectrolux company and now Hoover washing machines are being slowly phased out. So Sad as both the Hoover front and top loaders were lots of fun with one of the funkiest wash actions you could wish for!
arrrooohhh
Well-known member
I sometimes wonder if appliance industry forums ever visit these sites. If they did I am sure they would discover some great ideas.
Unfortunately I dont think that happens.
Unfortunately I dont think that happens.
Maytag Takeover
Found these entries-thought it could tie into the Maytag-Samsung discussions.Could it be or maybe Maytag should get out of the appliance biz altogether-Maybe they should go back to building farming equipment-that was what they did at the beginning of the 20th century.Maytag farming equipment at this point is rare-found it mentioned in a magazine I get about antique farm equipment.I would love to see the Hoover vacuum and floorcare equipment division sold to someone who could truely do something with it.I think Hoover should go back to an upscale clientele.-They used to compete with Kirby in DTD sales-One of the only other DTD upright cleaners.
Found these entries-thought it could tie into the Maytag-Samsung discussions.Could it be or maybe Maytag should get out of the appliance biz altogether-Maybe they should go back to building farming equipment-that was what they did at the beginning of the 20th century.Maytag farming equipment at this point is rare-found it mentioned in a magazine I get about antique farm equipment.I would love to see the Hoover vacuum and floorcare equipment division sold to someone who could truely do something with it.I think Hoover should go back to an upscale clientele.-They used to compete with Kirby in DTD sales-One of the only other DTD upright cleaners.
arrrooohhh
Well-known member
AFAIK Hoover was never a Door to Door product.
I read that Hoover pioneered dealer networks by, when a customer ordered a cleaners, the Hoover company posted it to a local store for collection. If the client was happy the store got a commission.
That way he built up a network of people eager to promote his product.
I read that Hoover pioneered dealer networks by, when a customer ordered a cleaners, the Hoover company posted it to a local store for collection. If the client was happy the store got a commission.
That way he built up a network of people eager to promote his product.
kenmore1978
Well-known member
- Joined
- Sep 8, 2004
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visiting this site
has anybody thought of sending a link to this site to the sales people at the various appliance manufacturers? Maybe copies of some of the comment about how lousy new seals are on Maytags and such?
has anybody thought of sending a link to this site to the sales people at the various appliance manufacturers? Maybe copies of some of the comment about how lousy new seals are on Maytags and such?
Believe me, they already know from the Laundry Room forum at ThatHomeSite.com
