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Arçelik Announces Contribution Agreement to Form a New Standalone European Home Appliance Business with Whirlpool

Retrieved on: 
Tuesday, January 17, 2023
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ISTANBUL, Jan. 17, 2023 /PRNewswire/ -- Arçelik's wholly owned subsidiary Ardutch B.V and Whirlpool Corporation's wholly owned subsidiary Whirlpool EMEA Holdings LLC have signed a definitive Contribution Agreement for the creation of a new standalone business in the European home appliances sector.

Key Points: 
  • ISTANBUL, Jan. 17, 2023 /PRNewswire/ -- Arçelik's wholly owned subsidiary Ardutch B.V and Whirlpool Corporation's wholly owned subsidiary Whirlpool EMEA Holdings LLC have signed a definitive Contribution Agreement for the creation of a new standalone business in the European home appliances sector.
  • The agreement will see both Ardutch and Whirlpool transfer their European subsidiaries to the new company.
  • After these transfers, it is expected that 75 per cent of the newly formed company will be allocated to Ardutch B.V. and 25 per cent to Whirlpool.
  • Arçelik, as a respected player in its industry, is carrying its vision and ambitions much further with this new standalone business.

Arçelik Announces Contribution Agreement to Form a New Standalone European Home Appliance Business with Whirlpool

Retrieved on: 
Tuesday, January 17, 2023
Ignis, EBITDA, Whirlpool Corporation, Leisure, Grundig, Growth, Bauknecht, Levent, Sale, EUR, MENA, Hotpoint, United Arab Emirates, Creative industries, Security (finance), Renewable energy, Airline, Retail, Indesit Company, Privileged positions of business and science, Flavel, Whirlpool

ISTANBUL, Jan. 17, 2023 /PRNewswire/ -- Arçelik's wholly owned subsidiary Ardutch B.V and Whirlpool Corporation's wholly owned subsidiary Whirlpool EMEA Holdings LLC have signed a definitive Contribution Agreement for the creation of a new standalone business in the European home appliances sector.

Key Points: 
  • ISTANBUL, Jan. 17, 2023 /PRNewswire/ -- Arçelik's wholly owned subsidiary Ardutch B.V and Whirlpool Corporation's wholly owned subsidiary Whirlpool EMEA Holdings LLC have signed a definitive Contribution Agreement for the creation of a new standalone business in the European home appliances sector.
  • The agreement will see both Ardutch and Whirlpool transfer their European subsidiaries to the new company.
  • After these transfers, it is expected that 75 per cent of the newly formed company will be allocated to Ardutch B.V. and 25 per cent to Whirlpool.
  • Arçelik, as a respected player in its industry, is carrying its vision and ambitions much further with this new standalone business.

Whirlpool Corporation Named To 2022 Dow Jones Sustainability World Index

Retrieved on: 
Monday, December 12, 2022
Capital, Electricity, SAM, Consul, U.S. Department of Energy, Office of Inspector General, WHR, S&P Dow Jones Indices, Life, DJSI, Wind, Climate, NYSE, Whirlpool Corporation, VPPA, JennAir, Habitat, Bauknecht, Multimedia, DOE, Dow Jones, Organization, KitchenAid, U.S. Department of Defense Strategy for Operating in Cyberspace, Renewable energy, Whirlpool, Newsweek, Maytag

BENTON HARBOR, Mich., Dec. 12, 2022 /PRNewswire/ --Whirlpool Corporation (NYSE: WHR) announced today that it has been named to the 2022 Dow Jones Sustainability World Index (DJSI) in recognition of the company's ongoing focus on responsible and ethical business practices.

Key Points: 
  • BENTON HARBOR, Mich., Dec. 12, 2022 /PRNewswire/ --Whirlpool Corporation (NYSE: WHR) announced today that it has been named to the 2022 Dow Jones Sustainability World Index (DJSI) in recognition of the company's ongoing focus on responsible and ethical business practices.
  • Whirlpool Corporation was also included on the DJSI North America Index for the 16th year.
  • In 2022, Whirlpool Corporation continued to invest in its environmental sustainability strategy to reduce its climate impact and progress toward its Net Zero emissions target in global plants and operations by 2030.
  • The DJSI, including the Dow Jones Sustainability World Index (DJSI World), were launched in 1999 as the pioneering series of global sustainability benchmarks available in the market.

Whirlpool Corporation Ranks Number Three in Newsweek's List of America's 500 Most Responsible Companies for 2023

Retrieved on: 
Wednesday, December 7, 2022
Corporate sustainability, Perception, Diversity, Consul, Life, WHR, ESG, Inclusion, Whirlpool, NYSE, Whirlpool Corporation, JennAir, Bauknecht, Multimedia, Social responsibility, Sustainability reporting, KitchenAid, Social, Management, Renewable energy, Newsweek, Maytag

BENTON HARBOR, Mich., Dec. 7, 2022 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) announced today that it has moved into the No.

Key Points: 
  • BENTON HARBOR, Mich., Dec. 7, 2022 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) announced today that it has moved into the No.
  • 3 overall spot on Newsweek's 2023 list of America's Most Responsible Companies (up from No.
  • The annual recognition, acknowledging the top 500 most responsible companies in the United States across 14 industries, is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider.
  • "We feel incredibly honored and humbled to be named among the three most responsible companies in America," said Marc Bitzer, Chairman and CEO of Whirlpool Corporation.

Whirlpool Corp. recognized as a leader in creating an inclusive workplace in 2022 Seramount Inclusion Index

Retrieved on: 
Thursday, November 17, 2022
Whirlpool Corporation, EAB, Workplace, Equality, WHR, Woman, Diversity, Organization, JennAir, Workforce, KitchenAid, Research, NYSE, Multimedia, Bauknecht, Employee resource group, Culture, Disability, Life, DEI, Consul, Map, Creative industries, Wood-plastic composite, Management, Maytag, Whirlpool

BENTON HARBOR, Mich., Nov. 17, 2022 /PRNewswire/ --Seramountunveiled its sixth annual Inclusion Index on Nov. 1, announcing that Whirlpool Corp. has made the list as an inclusive workplace.

Key Points: 
  • BENTON HARBOR, Mich., Nov. 17, 2022 /PRNewswire/ --Seramountunveiled its sixth annual Inclusion Index on Nov. 1, announcing that Whirlpool Corp. has made the list as an inclusive workplace.
  • "Inclusion and Diversity is one of Whirlpool's enduring values and a critical priority for us," said Chief Human Resources Officer Carey Martin.
  • Whirlpool Corp. was among the 36 organizations recognized as a Leading Inclusion Index Company,receiving a 70 percent or higher score.
  • Key findings from the 2022 Seramount Inclusion Index are:
    Seramount, part of EAB, is a strategic professional services and research firm dedicated to advancing diversity, equity, and inclusion (DEI) in the workplace.

Whirlpool Corp. announces plans to bring Matter support to its smart appliance models and joins Matter working group focused on appliances

Retrieved on: 
Thursday, November 3, 2022
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Whirlpool Corp. will also be an active member of the Matter working group focused on supporting appliances in a future version of Matter, and will add support to the company's smart appliance lineup when that support launches.

Key Points: 
  • Whirlpool Corp. will also be an active member of the Matter working group focused on supporting appliances in a future version of Matter, and will add support to the company's smart appliance lineup when that support launches.
  • "Matter allows consumers to enjoy all the smart features found on our products, while connecting compatible devices and systems with one another and controlling them from their preferred app or voice assistant."
  • Matter is the new language of the smart home, led by the Connectivity Standards Alliance, with support from hundreds of the world's leading IoT and smart home companies.
  • Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home.

Emerson Completes the Sale of the InSinkErator Business to Whirlpool Corporation

Retrieved on: 
Tuesday, November 1, 2022
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Emerson (NYSE: EMR) today announced it has completed the previously announced sale of its InSinkErator business to Whirlpool Corporation (NYSE: WHR) for $3.0 billion.

Key Points: 
  • Emerson (NYSE: EMR) today announced it has completed the previously announced sale of its InSinkErator business to Whirlpool Corporation (NYSE: WHR) for $3.0 billion.
  • Whirlpool Corporation, a leader in the home appliance industry, is well positioned to build on InSinkErators strong legacy and performance for long-term growth and success.
  • Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the worlds most essential industries.
  • Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home.

Whirlpool Corporation Completes Acquisition of InSinkErator

Retrieved on: 
Tuesday, November 1, 2022
Form 8-K, Security (finance), KitchenAid, InSinkErator, Whirlpool, Life, CEO, Securities Exchange Act of 1934, Whirlpool Corporation, Acquisition, U.S. Securities and Exchange Commission, Annual report, WHR, Consul, NYSE, Industry, Risk, Securities Act of 1933, JennAir, View, Terminology, Form 10-K, Private Securities Litigation Reform Act, Company, EPS, Bauknecht, United Kingdom, Multimedia, Emerson, Maytag

BENTON HARBOR, Mich., Nov. 1, 2022 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) today announced the completion of its acquisition of InSinkErator, the world's largest manufacturer of food waste disposers and instant hot water dispensers for home and commercial use, from Emerson.

Key Points: 
  • BENTON HARBOR, Mich., Nov. 1, 2022 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) today announced the completion of its acquisition of InSinkErator, the world's largest manufacturer of food waste disposers and instant hot water dispensers for home and commercial use, from Emerson.
  • "On behalf of everyone at Whirlpool, I am excited to welcome the InSinkErator team, as we continue to execute on our vision of improving life at home," said Marc Bitzer, Chairman and CEO of Whirlpool Corporation.
  • "Our team is excited about the future ahead with Whirlpool Corporation, and we see how perfectly InSinkErator fits within the company's portfolio of brands," said Joe Dillon, President of InSinkErator.
  • Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home.

Whirlpool Corporation Declares Quarterly Dividend

Retrieved on: 
Tuesday, October 18, 2022
WHR, Bauknecht, SEC, Regulation Fair Disclosure, Life, Investor, NYSE, JennAir, Twitter, Multimedia, Consul, Hot Topic, Regulation, KitchenAid, Whirlpool Corporation, Whirlpool, Disclosure, View, Online shopping, Indesit Company, Maytag

BENTON HARBOR, Mich., Oct. 17, 2022 /PRNewswire/ -- Today the board of directors of Whirlpool Corporation (the "Company") declared a quarterly dividend of $1.75 per share on the company's common stock.

Key Points: 
  • BENTON HARBOR, Mich., Oct. 17, 2022 /PRNewswire/ -- Today the board of directors of Whirlpool Corporation (the "Company") declared a quarterly dividend of $1.75 per share on the company's common stock.
  • The dividend is payable on December 15, 2022, to stockholders of record at the close of business on November 18, 2022.
  • Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home.
  • In 2021, the company reported approximately $22 billion in annual sales, 69,000 employees and 54 manufacturing and technology research centers.

WHIRLPOOL CORPORATION TO ANNOUNCE THIRD-QUARTER RESULTS, PROVIDE PORTFOLIO TRANSFORMATION UPDATE AND LONG-TERM PERSPECTIVE ON OCTOBER 20 AND HOLD CONFERENCE CALL ON OCTOBER 21

Retrieved on: 
Thursday, October 13, 2022
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Whirlpool Corporation will then hold a conference call to discuss its performance with the investment community at 8 a.m.

Key Points: 
  • Whirlpool Corporation will then hold a conference call to discuss its performance with the investment community at 8 a.m.
  • To participate in the conference call, dial 1 (888) 440-4038 and Conference ID 2610251. International participants should dial 1 (646) 960-0861 and Conference ID 2610251.
  • Participants should dial in at least 10 minutes prior to the call, as they may experience longer than usual wait times.
  • Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home.