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Tom Oreck Net Worth 2017, Biography & Wiki
Tom Oreck net worth: Tom Oreck is best known for being among the owners and loved ones on the other side of the Oreck Corporation, among the top makers of vacuum cleaners and house appliancessince the 1960s. The Oreck Corporation was set up by Tom’s dad,David Oreck in 1963 as among the top manufacturers of upright vacuum cleaners for the United States hotel business. Now the firm makes and sells vacuums, steam mops, floor machines, air purifiers and cleaning products to be used in both resorts and residences through the U.S., Canada and parts of Europe. He’s been working in the appliance and consumer products business for more than 30 years andhas lately been working together with his family to repurchase the Oreck business following the family sold the companies in 2003 to the private equity affiliate, Black Diamond Commercial Finance LLC. In 2013, the Oreck family lost the opportunity to buy back the namesake vacuum cleaner manufacturer in a bankruptcy auction following a competing firm supporting the Hoover brand (Hong Kong-based Techtronic Industries) offered a higher bid for the 600-man Tennessee business.