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Whirlpool Corporation is investing $15 million in its Tulsa, Oklahoma factory to increase production capacity and create about 150 new jobs, with an additional $1 million from the state of Oklahoma. The plant makes freestanding and slide-in ranges.
Whirlpool inaugurated an expansion of its Celaya, Guanajuato plant, its largest in Mexico, with a $5 million investment including a 1,000-ton press, raising stove production capacity by 18%.
Whirlpool Corporation has completed the sale of its Embraco compressor business in Brazil and worldwide to Japanese motor maker Nidec. The deal was first announced in April 2018.
The European Commission approved Nidec's proposed acquisition of Whirlpool's Embraco refrigeration compressor business, conditional on Nidec's divestment and investment commitments. The purchase price was $1.08 billion, agreed on 24 April 2018.
The European Commission approved Nidec's proposed acquisition of Embraco, Whirlpool's refrigeration compressor business, subject to Nidec's commitments. The clearance decision was dated 12 April 2019.
Turkey's Competition Board placed Nidec Corporation's acquisition of sole control of Whirlpool's compressor unit Embraco under final examination, a decision dated 20 December 2018 and announced 16 January 2019. The deal is suspended until a final decision.
The European Commission opened an in-depth merger investigation into Nidec's proposed acquisition of compressor maker Embraco from Whirlpool, citing concerns about competition in refrigeration compressors. The Commission has until 15 April 2019 to decide.
Nidec completed its acquisition of Whirlpool Corporation's compressor business, Embraco, on 2 July 2019 after European Commission approval. Embraco operates in Brazil.
Nidec Corporation agreed to buy Whirlpool's Embraco compressor business for $1.08 billion in cash. The deal excludes Embraco Europe srl in Riva di Chieri, Italy, where Whirlpool plans to end production.
