Hoover, Dirt Devil owner up for sale: report
TTI Floor Care North America Inc, the owner of the Hoover and Dirt Devil vacuum cleaner brands, has put itself up for sale and is seeking as much as $900 million, the Wall Street Journal reported on Friday.
TTI Floor Care, a subsidiary of Hong Kong's Techtronic Industries Co <0669.HK>, has hired Bank of America Merrill Lynch
TTI Floor Care has about $100 million in annual earnings before interest, taxes, depreciation and amortization and is likely to attract interest from private equity buyers, the report said.
(Reporting by Soyoung Kim; Editing by Robert MacMillan)
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