UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: January 15, 1999
Date of earliest event reported: January 15, 1999
Commission file number 1-655
MAYTAG CORPORATION
A Delaware Corporation I.R.S. Employer Identification No. 42-0401785
403 West Fourth Street North, Newton, Iowa 50208
Registrant's telephone number: 515-792-7000
N/A
(Former name or former address, if changed since last report.)
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Item 5. Other Events
On January 15, 1999, Maytag Corporation issued a press release announcing
it has signed an agreement to purchase Jade Range, a privately held manufacturer
of home and commercial appliances. Terms of the transaction were not disclosed.
Closing is expected to occur in the first quarter of 1999.
A copy of the Company's press release issued January 15, 1999, is attached
as Exhibit 99(a) and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c)Exhibits.
The exhibits accompanying this report are listed in the accompanying
Exhibit Index.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Maytag Corporation
(Registrant)
By: s/s G. J. Pribanic
G. J. Pribanic
Chief Financial Officer
January 15, 1999
(Date)
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EXHIBIT INDEX
The following exhibit is filed herewith.
Exhibit No. Exhibit
99(a) Press Release.
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MAYTAG CORPORATION AGREES TO ACQUIRE
NICHE MANUFACTURER OF COMMERCIAL RANGES
NEWTON, IOWA--(Jan. 15, 1999)--Maytag Corporation today announced it has
signed an agreement to purchase Jade Range, a privately held manufacturer
of home and commercial appliances, including ranges, grills, and
refrigerators. Jade s primary product line is focused on ultra-premium
commercial ranges under the Jade brand and commercial-style ranges and
outdoor grills for the residential market under the Dynasty brand.
This acquisition is one more strategic step to invest in high-end
brands and complementary product lines in home and commercial appliances,
said Maytag Chairman and CEO Leonard A. Hadley. We expect this to add to
our cooking product knowledge at Maytag Corporation for Maytag and Jenn-Air
brands, as well as in Blodgett Corporation. It is one more piece in a
platform for future innovation and customization to meet the needs of our
customers.
Terms of the transaction were not disclosed. Closing is expected to
occur in the first quarter of 1999.
Jade is located in California.
Maytag Corporation is a leading producer of home and commercial
appliances. Its products are sold to customers throughout North America
and in targeted international markets.
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Media Contact
James G. Powell
Maytag Corporate Communications
515-787-8392
[email protected]
Additional Information: www.maytagcorp.com<PAGE>
