Whirlpool - M&A Summary and Business Overview

Consumer ProductsCompany

Whirlpool M&A Summary

Whirlpool has acquired 10 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 5 assets.

Whirlpool’s largest acquisition to date was in 2022, when it acquired InSinkErator for $3.0B. It’s largest disclosed sale occurred in 2018, when it sold Whirlpool - Embraco Compressor to Nidec for $1.1B. Whirlpool has acquired in 4 different US states, and 5 countries. The Company’s most targeted sectors include consumer products (67%) and electrical equipment (12%).

Whirlpool Business Overview

Where is Whirlpool headquartered?

Whirlpool is headquartered in Benton Harbor, Michigan.

What is Whirlpool’s revenue?

Whirlpool disclosed revenue of 19,724M USD for 2022 and 21,985M USD for 2021.

How many employees does Whirlpool have?

Whirlpool has 61,000 employees.

What sector is Whirlpool in?

Whirlpool is a consumer products company.

When was Whirlpool founded?

Whirlpool was founded in 1911.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity9
    • M&A Sell Activity5
  • Total Sectors Invested 4
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 9
  • M&A Advisors 6

Whirlpool

Whirlpool Corp.

2000 North M-63,
Benton Harbor, Michigan 49022
United States,
(269) 923-5000
www.whirlpoolcorp.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 8 - - 1 - - 9
vol $2.7B $3.0B $5.7B
Sell (0.2/yr) # 4 - - - - 1 5
vol $1.2B $1.2B
  14

Most Recent M&A

Company Date Value Type
Whirlpool - MENA operations 2024-04-03 - Divestiture
, United Arab Emirates
InSinkErator 2022-08-08 3.0B USD Divestiture
Mt. Pleasant, Wisconsin
Whirlpool Corp. - Vessi Fermentor 2019-06-06 - Divestiture
Benton Harbor, Michigan
Whirlpool Corp. - Embraco Compressor 2018-04-24 1.1B USD Divestiture
, Brazil · www.embraco.com
Yummly, Inc. 2017-05-02 - Add-on Acquisition
Redwood City, California · www.yummly.com
American Dryer Corp. 2015-05-18 - Add-on Acquisition
Fall River, Massachusetts · www.amdry.com
Indesit Co. S.p.A. 2014-07-10 - Add-on Acquisition
Fabriano, Italy · www.indesitcompany.com
Hefei Rongshida Sanyo Electric Co., Ltd. 2013-08-13 - Divestiture
Hefei, China
W.C. Wood Co., Inc. 2009-12-11 - Special Situations/Distressed
Guelph, Ontario
Whirlpool - Hoover Floor Care Business 2006-12-07 107M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 6 (67%) 5.7B (100%) 2 (40%) 107M (9%)
Electrical Equipment 1 (11%) - 1 (20%) 1.1B (87%)
Machinery 1 (11%) - 1 (20%) -
Internet Software and Services 1 (11%) - - -
Electronics - - 1 (20%) 49M (4%)
Total 9 $5.7B 5 $1.2B

By Geo

State/Country Buy Value Sell Value
United States 5 5.7B 3 156M
  Michigan 2 2.7B 1 -
  Wisconsin 1 3.0B - -
  Massachusetts 1 - - -
  California 1 - - -
  Iowa - - 1 49M
Brazil 1 - 1 1.1B
Canada 1 - - -
  Ontario 1 - - -
China 1 - - -
Italy 1 - - -
United Arab Emirates - - 1 -
Domestic 5 (56%) 5.7B (100%) 3 (60%) 156M (13%)
Cross-border 4 (44%) - 2 (40%) 1.1B (87%)
Total 9 $5.7B 5 $1.2B

Top M&A Advisors

Financial Deals
Greenhill & Co., Inc.
2
Citigroup Investment Banking
1
Legal Deals
Linklaters
1
Wachtell, Lipton, Rosen & Katz
1
Weil Gotshal & Manges
1

Deal Values

buy # Total
> $1B 2 $5.7B
TOTAL $5.7B
Largest InSinkErator
$3.0B (2022-08-08)
sell # Total
> $1B 1 $1.1B
$100M to $1B 1 $107M
< $100M 1 $49M
TOTAL $1.2B
Largest Whirlpool Corp. - Embraco Compressor
$1.1B (2018-04-24)

M&A Connections

Deals
Acquired from
Investor(s)
11%
1 (11%)
Strategic(s)
22%
2 (22%)
Divested to
Strategic(s)
100%
5 (100%)

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