More on Whirlpool's purchase of Indesit

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

Whirlpool's (WHR +1.9%) purchase of a large stake in Indesit will help it come close to doubling the company's presence in Europe.

Indesit appliance brands include Indesit, Hotpoint and Scholtes

Though Whirlpool has closed several plants in Europe over the last few years, it sees pockets of strength emerging and views the Indesit purchase as a quick entry into new categories.