Three decades later in , the name was changed to Whirlpool Corp. The company's growth would not be possible without many subsidiary brands. Throughout its history, Whirlpool has made acquisitions to expand its product line from washing machines to all types of appliances. Whirlpool's acquisitions have also allowed it to expand into a variety of new domestic and foreign markets, in some instances raising antitrust concerns. Below, we take a closer look at several of the top acquisitions in Whirlpool's history.
Note that Whirlpool does not provide revenue and profit figures by subsidiary. One of Whirlpool's earliest efforts to expand its product offerings and reach took place in involving a major merger of 3 companies.
Whirlpool merged with the Seeger Refrigerator Co. As a part of the deal, Whirlpool also acquired the air conditioning and stove businesses of R. Maytag, founded in in Iowa, had grown into a premier home appliance maker. It also became the owner of several divisions of Amana, the popular maker of home appliances.
Whirlpool's consolidation of control over the home appliance industry through the Maytag takeover was not without its critics. The acquisition was the subject of an antitrust investigation by the U. Department of Justice, which ultimately found that the transaction did not pose a major threat to competition.
In , Whirlpool announced plans to enter into an agreement with Hobart Corp. The acquisition was delayed for a year due to an antitrust lawsuit that proved to be unsuccessful.
Hefei Sanyo is a leading home appliance maker based on the mainland. At the time of the purchase, Whirlpool was struggling to grow sales in Asia. With the acquisition of Hefei Sanyo, Whirlpool expanded its reach beyond larger urban areas and into the previously-untapped rural Chinese market.
Hefei Sanyo was renamed Whirlpool China Co. Indesit was founded in and is known for its washing machines, freezers, and ovens. The purchase expanded Whirlpool's presence in Europe, where its presence was far smaller than in the U. The below chart illustrates how Whirlpool reports the diversity of its management and workforce. This shows if Whirlpool discloses data about the diversity of its board of directors, C-Suite, general management, and employees overall, across a variety of markers.
Accessed July 8, Wall Street Journal. With the ability for multiple departments to collaborate under one roof, the Amana brand has positioned itself to provide improved efficiency, quality, communication and delivery and to better meet the needs of our customers. For additional information regarding Daikin, click here.
All rights reserved. Duplication in part or in whole is strictly prohibited. Website works best with Javascript enabled. Please Enable Javascript and reload this page to continue. About Us. Find a Dealer. RCA was reacquired by General Electric in Electrolux brand appliances have been making housework easier for more than a century. Established in Sweden, the Electrolux company currently owns Frigidaire, Tappan, Kelvinator and Gibson appliance brands.
The deal was quashed by the United States Department of Justice on the grounds that the merger of the two companies would create an unfair monopoly in the American household appliances market. General Electric GE is a multinational conglomerate that manufactures products to serve many industries, including renewable energy, aviation, healthcare, and appliances.
The appliances division of GE was purchased by the Chinese-owned Haier company in When the Haier company acquired GE, they wisely retained the right to use GE brand names through In the summer of , Samsung acquired the Dacor brand of American-made luxury appliances.
Dacor is the only appliance brand to be endorsed by chefs at the prestigious Le Cordon Bleu culinary institute in Paris, France. High-end appliances that are made by Dacor in California include refrigeration units, cooktops, and wine preservation systems. Today, LG manufactures a variety of appliances for the kitchen, laundry, and other household uses. Air conditioners, vacuum cleaners, and LED lighting solutions are also part of the LG repertoire of products.
As long as people prefer convenience overtoil, ease-making household appliances will continue to be part of our lifestyle. And, as long as appliances exist, they will occasionally break down and require repair.
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