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WhirlpoolAcquiresAKitchenAndBathroomGiantFor$3Billion

Նորություններ

Whirlpool-ը ձեռք է բերում խոհանոցի և լոգարանի հսկա համար $3 միլիարդավոր

Խոհանոց & Լոգանքի արդյունաբերության հիմնական մեդիա խոհանոց & Բաղնիքի նորություններ

Whirlpool announced on Aug. 8 that it has entered into a $3 billion agreement with Emerson Electric Co. Whirlpool expects to complete the acquisition on Sept. 30, 2022, following regulatory approval of the deal.

Հիմնադրվել է 1938 and headquartered in Racine, Wisconsin, ԱՄՆ, InSinkErator was acquired by Emerson Electric Co. մեջ 1968. It claims to be the world’s largest manufacturer of food waste disposers and instant hot water dispensers. Նրանց մեջ, InSinkErator’s food waste disposers have a market share of over 70% in the United States. Its instant hot water dispensers include faucets, տանկեր, filters, coolers, և այլն. that are combined into a complete system.

InSinkErator instant hot water dispenser

By the end of March 2022, InSinkErator had operating revenues of $595 million and pre-tax profit of $148 million for the past 12 ամիսներ.

Whirlpool said it expects InSinkErator sales to reach approximately $650 million by Sept. 30, 2022. This compares with Whirlpool’s 2021 sales of approximately $22 միլիարդ.

After Whirlpool completes the acquisition, it expects to operate as a separate business unit in North America and will maintain its current headquarters in Wisconsin. InSinkErator has established international operations in nearly 80 երկրները, with subsidiaries in Australia, Բրազիլիա, Կանադա, Չինաստան, Մեքսիկա, New Zealand and the United Kingdom, according to company officials.

We are excited about this unique opportunity to add InSinkErator to our portfolio of leading brands,” said Mark Bitzer, chairman and CEO of Whirlpool. This acquisition is a clear gas pedal to our ongoing portfolio transformation and is consistent with our stated goal of investing in high-growth and high-margin businesses.

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