M&A Deal Summary

Anonim Acquires Whirlpool - MENA operations

On April 3, 2024, Anonim acquired consumer products company Whirlpool - MENA operations from Whirlpool

Acquisition Highlights
  • This is Anonim’s 1st transaction in the Consumer Products sector.
  • This is Anonim’s 1st transaction in United Arab Emirates.

M&A Deal Summary
Date 2024-04-03
Target Whirlpool - MENA operations
Sector Consumer Products
Buyer(s) Anonim
Sellers(s) Whirlpool
Deal Type Divestiture

Target

Whirlpool - MENA operations

United Arab Emirates
Whirlpool's Middle East and North Africa (MENA) operations is a provider of sustainable home appliances in MENA region.

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Buyer(S) 1

Buyer

Anonim

Istanbul, Turkey

website

Category Company
Founded 1955
Sector Electronics
Employees39,487
Revenue 68.2B TRY (2021)
DESCRIPTION

Anonim produces, markets, sells, services, imports, and exports consumer durable goods and consumer electronics in Turkey and internationally. Arçelik Anonim Sirketi offers products and services in 146 countries with its 30,000 employees, 21 different production facilities in 8 countries (Turkey, Romania, Russia, China, South Africa, Thailand, Pakistan and India), 34 sales and marketing companies all over the world and 12 brands (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Dawlance, Voltas Beko and Altus). Anonim was founded in 1955 and is based in Istanbul, Turkey.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 2
Country (United Arab Emirates) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Arcelik Anonim Sirketi - Beko Changzhou Plant

Istanbul, Turkey

Arcelik Anonim Sirketi's Beko Changzhou Plant produces consumer durable goods and consumer electronics.

Sell -

Seller(S) 1

SELLER

Whirlpool

Benton Harbor, Michigan, United States

website

Category Company
Founded 1911
Sector Consumer Products
Employees61,000
Revenue 19.7B USD (2022)
DESCRIPTION
Whirlpool's corporate headquarters in Benton Harbor, Michigan.
Whirlpool's corporate headquarters in Benton Harbor, Michigan.

Whirlpool is a manufacturer and marketer of major home appliances. Whirlpool operates 65 manufacturing and technology research centers around the world. Its brands include Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, and Bauknecht. Whirlpool was founded in 1898 and is based in Benton Harbor, Michigan.

DEAL STATS #
Overall 5 of 5
Sector (Consumer Products) 2 of 2
Type (Divestiture) 5 of 5
Country (United Arab Emirates) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 InSinkErator

Mt. Pleasant, Wisconsin, United States

InSinkErator is a manufacturer of food waste disposers and instant hot water dispensers for home and commercial use. InSinkErator was founded in 1938 and is based in Mt. Pleasant, Wisconsin.

Buy $3.0B
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