Maytag to sell component parts plant

Maytag Corporation has entered into negotiations to sell its major appliance division’s components parts business and facility, located in Jefferson City, MO. The sale, to a leading powdered metal manufacturer, is expected to occur within the second quarter of 2002. Currently, approximately 70 people are employed at the Jefferson City facility, which specialises primarily in […]

Maytag Corporation has entered into negotiations to sell its major appliance division’s components parts business and facility, located in Jefferson City, MO. The sale, to a leading powdered metal manufacturer, is expected to occur within the second quarter of 2002.

Currently, approximately 70 people are employed at the Jefferson City facility, which specialises primarily in the production of powdered metalparts and extruded tubing components.

The plant also handles limitedrefrigeration manufacturing. The potential buyer intends to continue producing powdered metal parts and extruded tubing components at the Jefferson City operations.

The business currently has approximately 20 employees. Maytag anticipates the buyer will hire these employees.

Maytag Appliances plans to continue sourcing components manufactured at the Jefferson City operations from the proposed buyer. These parts are used in the assembly of Maytag washers and dryers.

The limited refrigeration manufacturing at the Jefferson City operations will be moved to Maytag Appliance’s Amana Refrigeration Products operations in Amana, Iowa.

As a result of the relocation of refrigeration manufacturing, approximately 45 positions will be eliminated at the Jefferson City operations, effective from February 8th.

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