Guess since Whirlpool couldn't get GE, they are buying up everything else...
BENTON HARBOR, Mich., July 3, 2015 /PRNewswire/ -- Today, Whirlpool Corporation completed its purchase of American Dryer Corporation (ADC), a privately held company that manufactures and markets coin-operated, on-premise, industrial and specialty laundry equipment.
The acquisition gives Whirlpool Corporation's commercial laundry business a platform to reach new countries and channels, while building on a strong foundation of industry-leading innovation, quality, and service.
"Acquiring ADC strengthens our commitment to the commercial laundry industry and is aligned to our objectives of driving growth in adjacent businesses," stated Jeff M. Fettig, Whirlpool Corporation chairman and chief executive officer. "We believe this investment nicely complements our leadership position in the overall laundry category."
"Our Maytag and Whirlpool brands have a strong heritage in commercial laundry," said Brett Dibkey, vice president, North American Integrated Business Units. "The addition of ADC is yet another step toward our goal of building the industry's best, most reliable full line of commercial laundry equipment."
Whirlpool Corporation expects integration activities to happen throughout the balance of 2015. American Dryer Corporation 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. This facility will become a valuable part of the Whirlpool manufacturing portfolio that spans 14 locations across North America.
BENTON HARBOR, Mich., July 3, 2015 /PRNewswire/ -- Today, Whirlpool Corporation completed its purchase of American Dryer Corporation (ADC), a privately held company that manufactures and markets coin-operated, on-premise, industrial and specialty laundry equipment.
The acquisition gives Whirlpool Corporation's commercial laundry business a platform to reach new countries and channels, while building on a strong foundation of industry-leading innovation, quality, and service.
"Acquiring ADC strengthens our commitment to the commercial laundry industry and is aligned to our objectives of driving growth in adjacent businesses," stated Jeff M. Fettig, Whirlpool Corporation chairman and chief executive officer. "We believe this investment nicely complements our leadership position in the overall laundry category."
"Our Maytag and Whirlpool brands have a strong heritage in commercial laundry," said Brett Dibkey, vice president, North American Integrated Business Units. "The addition of ADC is yet another step toward our goal of building the industry's best, most reliable full line of commercial laundry equipment."
Whirlpool Corporation expects integration activities to happen throughout the balance of 2015. American Dryer Corporation 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. This facility will become a valuable part of the Whirlpool manufacturing portfolio that spans 14 locations across North America.
