Deal Snapshot
WHIRLPOOL CLOSES USD 1.08BN CASH SALE OF EMBRACO COMPRESSOR BUSINESS
Thursday 11 July 2019

US-based appliance maker Whirlpool Corp. (NYSE: WHR) has closed the sale of the company's Brazil-based Embraco compressor manufacturing business to Japanese motor manufacturer Nidec Corp. for a cash purchase price of USD 1.08bn, the company said. Headquartered in Brazil, Embraco has been a Whirlpool majority-owned business unit since 1997.
The business has a workforce of approximately 11,000 employees across eight global manufacturing facilities located in Brazil, Italy, China, Slovakia and Mexico. Embraco also maintains commercial offices in the United States and Russia.


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Details
Date Published: 11/07/2019
Target: Embraco
Country: Brazil
Deal Size: 1.08bn (USD)
Sector: Machinery/Engineering
Type: Divestment
Financing: Cash
Status: Closed
Vendor: Whirlpool Corp
Buyer: Nidec Corp
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