Industry News.
Samsung Electronics America acquires California-based Dacor
Aug 10, 2016
Samsung announced late Wednesday that it would acquire the City of Industry company, which competes on the very high end of the market. Terms of the deal were not disclosed.... http://tinyurl.com/vlyw9kc
GE to sell appliance business to China's Haier for $5.4B
Jan 15, 2016
Haier Group said it would buy General Electric Co's appliance business for $5.4 billion, the Chinese company's latest attempt to boost its presence in the lucrative United States market. Haier, which made an abortive attempt in 2008 to buy the business, has a negligible presence in.... http://tinyurl.com/zagvbt2
Electrolux's US plans in tatters as GE deal falls through
Dec 7, 2015
Shares in Sweden's Electrolux slumped more than 10 percent on Monday after a $3.3 billion deal to buy General Electric's appliance business fell through. Announcing the deal in autumn last year, Electrolux said its biggest ever.... http://tinyurl.com/pfgvc2w
Whirlpool completes purchase of majority interest in Indesit
Oct 17, 2014
Whirlpool Corporation, through its wholly owned subsidiary Whirlpool Italia Holdings S.r.l., acquired a 56% stake in Indesit Company S.p.A. The stake represents 61.9% of the voting stock of Indesit. Indesit is an Italian-based appliance maker.... http://tinyurl.com/pzy43bs
Electrolux to Acquire GE Appliances for $3.3 Billion,
Including Stake of Mexico's Mabe
Sep 8, 2014
AB Electrolux entered into an agreement to acquire the appliances business of General Electric for $3.3 billion. The deal also gives Electrolux 48.4% share in Mexico-based appliance company Mabe. Adding GE will significantly broaden Electrolux's footprint in the U.S. appliances.... http://tinyurl.com/owcew62
Whirlpool Launches Hybrid Heat Pump Dryer
Jul 22, 2014
Whirlpool Corp. unveiled a dryer with hybrid heat pump technology, designed to regenerate energy during the drying cycle to reduce energy consumption while providing dryer speed and performance flexibility.
Typical dryers use large amounts of energy when venting hot, moist air. The Whirlpool-brand HybridCare dryer is a ventless.... http://tinyurl.com/mphf5kz