Whirlpool is buying a majority stake in Chinese appliance maker Hefei Rongshida Sanyo Electric Co. Ltd. for about $552 million.
August 13, 2013 at 08:00 AM
1 minute read
Whirlpool is buying a majority stake in Chinese appliance maker Hefei Rongshida Sanyo Electric Co. Ltd. for about $552 million.
Whirlpool Corp., whose brands include KitchenAid, Maytag and its namesake, said Tuesday that the transaction will help it expand in China.
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