Announced
Financials
Tags
Cross Border
Acquisition
Single Bidder
Majority
Household Appliance
Poland
Pending
Slovakia
Friendly
Private
Italy
United Kingdom
household products
Synopsis
Arcelik, a Turkish multinational household appliances manufacturer, agreed to acquire the EMEA business of Whirlpool, an American multinational manufacturer and marketer of home appliances. Financial terms were not disclosed. "Today's announcement marks yet another major and important milestone in our ongoing portfolio transformation. This allows us to participate in significant value creation from the repositioning of the business and cost synergies through our minority interest," Marc Bitzer, Whirlpool Chairman and CEO.
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