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Article: Coming out of a spin cycle; Manufacturer of Speed Queen washers rebounds from consolidation
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- May 13, 2007
- Author:
CopyrightCopyright 2007 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Ripon - Laser-guided missiles and washing machines, like oil and
water, were not a good mix when Alliance Laundry Systems was owned
by defense contractor Raytheon Co.
The relationship lasted almost 20 years until the late 1990s,
when Raytheon sold Alliance and its other appliance companies,
including Amana Refrigeration.
The break-up was hard but necessary, Bruce Rounds, Alliance's
chief financial officer, said in a recent interview.
"Raytheon was a classic defense contractor, and we were a
commercial laundry company," Rounds said.
"You can imagine going to Raytheon, a missile company, and trying
to get a commercial laundry project approved. It just never really
worked out that well," he ...