Whirlpool Achieves Strategic Milestone With The Closing Of Its Transaction With Arçelik A.Ş

Author: Benzinga Newsdesk | April 02, 2024 04:11am

The transaction creates a new European appliance company by combining Whirlpool Corporation's European major domestic appliance business with Arcelik's major domestic appliance, consumer electronics, air conditioning, and small domestic appliance businesses. Whirlpool Corporation now owns 25 percent of this new entity, called Beko Europe B.V., and Arcelik owns 75 percent1. Whirlpool Corporation is retaining ownership of InSinkErator and its EMEA KitchenAid small and major domestic appliance business. Separately, Whirlpool Corporation also completed its previously announced sale of the company's Middle East and North Africa business to Arçelik A.Ş.

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