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Nacco Industries Inc

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BUSINESS
July 25, 2006 | 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.
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BUSINESS
July 25, 2006 | 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.
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BUSINESS
August 23, 1990 | From Times Staff and Wire Service Reports
Coffee Makers Recalled: An estimated 800,000 Proctor-Silex automatic drip coffee makers are being recalled for a potential fire hazard, the company and the Consumer Product Safety Commission said. Proctor-Silex, a unit of Cleveland-based Nacco Industries Inc., said it has 181 reports of fire involving the coffee maker, which was manufactured in 1985 and 1986 and sold in thousands of outlets, including Sears and J. C. Penney. Owners should unplug the coffee makers and stop using them.
BUSINESS
January 3, 2001
* Black & Decker Corp., for the first time in its 90 years, is without a Decker. Former Chairman and Chief Executive Alonzo G. Decker Jr., son of the co-founder and a director for 60 years, retired, the company said. Decker, who turns 93 on Jan. 18, started working at the world's biggest power-tool maker at 14. He started his full-time job in 1930 after earning an electrical-engineering degree from Cornell University.
BUSINESS
January 3, 2001
* Black & Decker Corp., for the first time in its 90 years, is without a Decker. Former Chairman and Chief Executive Alonzo G. Decker Jr., son of the co-founder and a director for 60 years, retired, the company said. Decker, who turns 93 on Jan. 18, started working at the world's biggest power-tool maker at 14. He started his full-time job in 1930 after earning an electrical-engineering degree from Cornell University.
BUSINESS
February 21, 1989
William E. Butler, 57, has been named president and chief operating officer of Eaton Corp., Cleveland, following the resignation of Vice Chairman Alfred M. Rankin. Butler has been president of Eaton's automotive components group since 1979. Rankin quit to become president and chief operating officer of Nacco Industries Inc.
BUSINESS
August 28, 2007 | From Times Wire Services
Nacco Industries Inc. won't pursue a spinoff of its Hamilton Beach/Proctor-Silex unit because of volatility and uncertainty in the capital markets. Hamilton Beach, a maker of toasters and coffee makers, will remain an operating subsidiary, Cleveland-based Nacco said.
NATIONAL
December 2, 2006 | Walter F. Roche Jr., Times Staff Writer
In the 14 years since he left government, former CIA director Robert M. Gates has jetted cross-country to advise 10 different companies, assessing issues as varied as Saudi oil drilling, mutual fund performance and restaurant sales at Romano's Macaroni Grill. "I first sought him out because I considered him to be of exceptional good judgment and intelligence," said Rodney B. Mitchell, president of the Mitchell Group, a Houston investment firm that used Gates as a senior advisor.
BUSINESS
August 23, 1990 | From Times Staff and Wire Service Reports
Coffee Makers Recalled: An estimated 800,000 Proctor-Silex automatic drip coffee makers are being recalled for a potential fire hazard, the company and the Consumer Product Safety Commission said. Proctor-Silex, a unit of Cleveland-based Nacco Industries Inc., said it has 181 reports of fire involving the coffee maker, which was manufactured in 1985 and 1986 and sold in thousands of outlets, including Sears and J. C. Penney. Owners should unplug the coffee makers and stop using them.
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