Whirlpool buys Chinese appliances maker

|About: Whirlpool Corporation (WHR)|By:, SA News Editor

Whirlpool (WHR) acquires a majority stake in Hefei Rongshida Sanyo Electric for 3.4B yuan ($552M).

The company says the deal to buy the Chinese electrical appliances maker will be completed by the end of 2014 and will be accretive in the first full year of integration.

PR