M&A Deal Summary

Whirlpool Acquires Hefei Rongshida Sanyo Electric Co.

On August 13, 2013, Whirlpool acquired consumer products company Hefei Rongshida Sanyo Electric Co. from SANYO Electric Co.

Acquisition Highlights
  • This is Whirlpool’s 4th transaction in the Consumer Products sector.
  • This is Whirlpool’s 1st transaction in China.

M&A Deal Summary

Date 2013-08-13
Target Hefei Rongshida Sanyo Electric Co.
Sector Consumer Products
Buyer(s) Whirlpool
Sellers(s) SANYO Electric Co.
Deal Type Divestiture

Target

Hefei Rongshida Sanyo Electric Co.

Hefei, China
Hefei Rongshida Sanyo Electric Co., Ltd. is a major home appliances manufacturer based in Hefei, China.

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Buyer(S) 1

Buyer

Whirlpool

Benton Harbor, Michigan, United States

Category Company
Founded 1911
Sector Consumer Products
Employees44,000
Revenue 16.6B USD (2024)
DESCRIPTION
Whirlpool's corporate headquarters in Benton Harbor, Michigan.
Whirlpool's corporate headquarters in Benton Harbor, Michigan.

Whirlpool manufactures and markets major home appliances by operating 65 manufacturing and technology research centers worldwide. 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 9
Sector: Consumer Products M&A 4 of 6
Type: Divestiture M&A Deals 2 of 3
Country: China M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-11 W.C. Wood Co.

Guelph, Ontario, Canada

W.C. Wood Company, Inc. is a producer and marketer of consumer and commercial appliances, including chest and upright freezers, refrigerators and dehumidifiers. The company has three production facilities in the United States, Canada and Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-10 Indesit Co.

Fabriano, Italy

Indesit Co. S.p.A. is a manufacturer and distributor of major domestic appliances. Indesit Company has eight industrial sites (in Italy, Poland, the UK, Russia and Turkey).

Buy -

Seller(S) 1

SELLER

SANYO Electric Co.

Osaka, Japan

Category Company
Founded 1950
Sector Electronics
DESCRIPTION

SANYO is an electronic device company whose products and services are divided among four business segments: consumer, commercial, components, and other. Sanyo makes a variety of electrical devices and appliances, including industrial and commercial equipment (refrigerated supermarket cases), audio and video equipment (DVD players, TVs, digital cameras), semiconductors, communications equipment (cellular phones, computers), batteries, and home appliances (microwave ovens, air conditioners).


DEAL STATS #
Overall 3 of 3
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
Country: China M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-15 SANYO Semiconductor Co.

Oragun, Japan

SANYO Semiconductor Co., Ltd. is a provider of microcontrollers and custom Application Specific Integrated Circuits (ASICs) to integrated power modules and motor control devices for the consumer, automotive and industrial end-markets.

Sell $367M