In June 2018, Whirlpool had acquired 49% strategic interest in Elica PB India (Elica) to expand the cooking business.
Whirlpool has now acquired additional 38% stake in Elica for an estimated $57 mn – bringing the total stake to 87% and consequently Elica becoming a subsidiary of Whirlpool.
Elica PB India, is the Indian arm of Italy’s Elica S.p.A. that makes induction hobs, boilers, kitchen hoods and chimneys.