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Whirlpool Sells Former Maytag Facilities

BENTON HARBOR, MI-Whirlpool acquired the manufacturing and office buildings, which are located in five states, along with Maytag in April 2006.

By Danielle Anderson | Updated on January 04, 2007

BENTON HARBOR, MI-Whirlpool Corp. has sold several former Maytag Corp. facilities totaling about 5 million sf in Iowa, South Carolina, Illinois, Arkansas and West Virginia. Whirlpool acquired Maytag in April 2006, and later announced that it planned to eliminate 4,500 jobs through plant closings and office consolidations. A company spokeswoman declined to release the financial terms of the transactions.

Several of the properties are located in Newton, IA, a rural town of about 16,000 people that served as the headquarters location of Maytag from the time it was founded in 1893 until it was acquired by Whirlpool last year. Kim Didier, executive director of the nonprofit Newton Development Corp., says that the former Maytag space comprises about 3.6 million sf of office, research and development, manufacturing and regional distribution facilities. The buildings are clustered in two parts of Newton – a 30-acre site in the center of town and a 175-acre site north of town.

The majority of the former Maytag headquarters, which is located in the center of town, has been sold to Iowa Telecom. A spokesman says the company plans to consolidate several area offices into the new location. Initially, Iowa Telecom will occupy about 150,000 sf of the 650,000 sf that’s located in multiple buildings. Didier says that Iowa Telecom plans to sell and/or lease parts of the facility to other users. Whirlpool will lease back some of the headquarters facility through 2007.

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