Acquisition of Hefei Sanyo In 2013 Whirlpool Corporation ( NYSE : WHR ) announced it would acquire ..... Chinese appliance market. Whirlpool is the leading home appliance ..... presence in China is very small. Whirlpool 's Asian business contributed
Whirlpool ( NYSE : WHR ) announces it received approval from the China Securities Regulatory Commission to acquire a controlling stake in Hefei Rongshide
deal is big news for Electrolux, which will now take the number one spot in the US for white goods, beating out Whirlpool ( NYSE : WHR ), but the news is even bigger for GE. It means that General Electric is moving away from consumer-oriented
STOCKHOLM (Reuters) - Sweden's Electrolux AB said on Monday it would double U.S. sales by paying $3.3 billion in cash for General Electric Co's appliances business in its biggest ever deal, giving it the scale to go head-to-head with larger rival Whirlpool .
* Values unit at 7.0-7.3 X 2014 EBITDA, ex synergies of $300 mln
portfolio of higher-end appliances broadens Electrolux’s reach in the U.S., where it competes head to head with Whirlpool . For GE, shedding the cyclical appliance unit monetizes a valuable consumer-oriented brand, while allowing the company
Shares of Whirlpool ( WHR +0.8% ) are mildly higher after Electrolux buys GE's appliances business. Though Electrolux will have the scale to take on Whirlpool directly, the roughly 40%-40% market split could end up help
presence in North America." Electrolux is currently the number two appliance business in the United States [behind Whirlpool ( NYSE : WHR ); per research firm Statista]. The sale will add $0.05-$0.07 to GE's earnings. ELUXY expects to
STOCKHOLM, Sept 8 (Reuters) - Sweden's Electrolux said on Monday it had agreed its biggest ever deal, buying General Electric Co's appliances business for $3.3 billion in cash to boost its presence in North America and take on rival Whirlpool Corp .
business, which includes brands such as GE Monogram, GE Cafe and Hotpoint, to its roster may help it propel past Whirlpool Corp ( NYSE : WHR ), currently sitting at the number one spot. That Complete Story »