Whirlpool Acquires American Dryer
Whirlpool Corporation has entered into an agreement to acquire American Dryer Corporation (ADC), a privately held company that manufactures and markets coin-operated, on-premise, industrial and specialty laundry equipment.
The planned acquisition gives Whirlpool Corporation's commercial laundry business a platform to reach new markets and channels, while building on a strong foundation of industry-leading innovation, quality, and service.
Whirlpool Corporation expects to close on the purchase of ADC in early July with integration activities happening throughout the balance of 2015. ADC is headquartered in Fall River, MA and is home to approximately 230 employees, a 300,000 square foot manufacturing facility and state-of-the-art engineering and design center.
The ADC manufacturing facility will become a valuable part of the Whirlpool manufacturing portfolio. Terms of the planned, non-reportable transaction will not be disclosed.
The planned acquisition gives Whirlpool Corporation's commercial laundry business a platform to reach new markets and channels, while building on a strong foundation of industry-leading innovation, quality, and service.
Whirlpool Corporation expects to close on the purchase of ADC in early July with integration activities happening throughout the balance of 2015. ADC is headquartered in Fall River, MA and is home to approximately 230 employees, a 300,000 square foot manufacturing facility and state-of-the-art engineering and design center.
The ADC manufacturing facility will become a valuable part of the Whirlpool manufacturing portfolio. Terms of the planned, non-reportable transaction will not be disclosed.