Whirlpool looking for multi-million dollar purchase of Sanyo

By: NewsCenter16 Staff Email
By: NewsCenter16 Staff Email

Whirlpool is taking on their competition as they look to buy another company.

According to our reporting partners at WSJM radio, the Benton Harbor-based appliance maker wants to purchase 51 percent of the Chinese company Sanyo.

The sale is worth around $552 million and is expected to close by the end of next year.

The purchase will add to Whirlpool’s share of the Chinese market.

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