Whirlpool acquires additional 38% equity in Elica

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 … Read more