Arcelik to acquire the Russian unit of Whirlpool for $233m.

Arcelik, a Turkish multinational household appliances manufacturer, agreed to acquire the Russian unit of Whirlpool, an American multinational manufacturer and marketer of home appliances, for $233m. The sale includes the company’s manufacturing site in Lipetsk and the sales organization in Moscow, as well as sales operations in Kazakhstan and certain other countries. The appliance maker expects to record a loss of $300m to $400m in the second quarter in connection with the deal.