Whirlpool completed the acquisition of a 49% stake in Elica India from Elica for $21m.

Whirlpool, an American multinational manufacturer and marketer of home appliances, completed the acquisition of a 49% stake in Elica India, a kitchen appliance manufacturer in Pune, India, from Elica, a provider of household appliances, for $21m. “The cooking and built-in appliance space is poised for very strong growth in India based on increasing consumer demand. Whirlpool aims to broaden its distribution and expand its portfolio of innovative products with Elica’s impressive capabilities in consumer insights, design, and manufacturing, and to bring outstanding product innovation and provide more options to the kitchens of our consumers,” Sunil D’Souza, Whirlpool India Managing Director.