Whirlpool To Acquire Indesit

The news on Friday that Whirlpool was to acquire a majority share in Indesit came as a bit of a shock and, no doubt, this deal will be subject to much industry scrutiny as well as that of regulators over the coming months. Here’s what we know so far.

Whirlpool Policy Ruffles Feathers

In the US it seems that Whirlpool have managed to upset NESDA with a new policy to charge repairers for accepting service calls on out of warranty work for the brands under Whirlpool’s wing.

Whirlpool Introduces New Insulation

A new type of foam insulation is now in use at Whirlpool’s Amana plant is producing refrigerators that are more energy efficient and will dramatically slash ozone-depleting greenhouse gases.

Whirlpool Buy Into Sanyo

Whirlpool is buying a majority stake in Chinese appliance maker Hefei Rongshida Sanyo Electric Co. Ltd. for about $552 (£412) million.

Whirlpool & Electrolux Profit Surge

Both Whirlpool and Electrolux have forecast a strong rebound in demand from Europe, suggesting consumer confidence may be turning the corner after being battered by a debt crisis and austerity measures.

Whirlpool To Buy 30% Of Sanyo?

It has been reported by the Financial Times that Whirlpool is in talks to buy a 30% stake in a Chinese maker of fridges and washing machines from Panasonic as it looks to expand its operations in Asia.