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Content about Newton, Iowa

January 18, 2007
Whirlpool Sells Former Maytag Facilities

BENTON HARBOR, Mich. — Whirlpool Corp. has sold a number of former Maytag Corp. facilities in Newton, Iowa; Florence, S.C.; Galesburg and Herrin, Ill.; Searcy, Ark.; and Ranson, W.Va. Whirlpool acquired Maytag last year.

May 10, 2006
Whirlpool to Cut 4,500 Jobs, Close Maytag Plants

BENTON HARBOR, Mich. — Whirlpool Corp. has announced that it will close three plants and several administrative offices and cut 4,500 jobs as it integrates recently acquired Maytag.

The Maytag plants scheduled for closure include Herrin, Ill., a washer and dryer plant; Searcy, Ark., a dryer facility; and Newton, Iowa, a washer- and dryer-making plant.

Production at these plants will be consolidated into Whirlpool facilities in Marion and Clyde, Ohio.

March 30, 2006
Government Approves Whirlpool, Maytag Deal

BENTON HARBOR, Mich./NEWTON, Iowa — Whirlpool Corp. and Maytag Corp. have received clearance from the U.S. Department of Justice to complete their proposed merger. Whirlpool plans to close the transaction as soon as practical, but no later than Monday.

The acquisition was approved without any required divestitures despite concerns that creating the world's largest appliance maker would stifle competition. "Competitive dynamics" will deny the combined company the power to raise prices, says Thomas O. Barnett, the government's antitrust chief.

January 19, 2006
Iowa Legislators Seek to Block Whirlpool's Buyout of Maytag

NEWTON, Iowa — Two Iowa Democrats, U.S. Sen. Tom Harkin and U.S. Rep. Leonard Boswell, have asked the Justice Department to block the buyout of Maytag Corp. by Benton Harbor, Mich.-based Whirlpool.

The proposed acquisition could boost Whirlpool's market share to more than 70% in certain product lines, their letter to assistant attorney general for antitrust Thomas Barnett notes, putting the company "in a position to create real difficulties for competitors."