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Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. [2] In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.
Here's Why Whirlpool Surged 13% Today (and Why There Could Be More to Come) Lee Samaha, The Motley Fool. October 24, 2024 at 12:37 PM. ... By 11 a.m. ET today, the stock was up 13%.
The corporation's export sales and marketing, licensing of brands, and international joint ventures was coordinated by Maytag International in Schaumburg, Illinois. Today, in the Whirlpool lineup, Maytag is mostly positioned as a mid-tier brand, generally priced somewhat above Whirlpool but below KitchenAid.
KitchenAid is an American home appliance brand owned by Whirlpool Corporation.The company was started in 1919 by The Hobart Manufacturing Company to produce stand mixers; the H-5 is the first model that was introduced.
The U.S. appliance manufacturer is the subject of deal speculation. For premium support please call: 800-290-4726 more ways to reach us
In 2011, to mark Whirlpool's 100th anniversary, the city of St. Joseph, Michigan declared June 6–10 Upton Week, marked by a series of celebratory events. [45] Whirlpool Corporation is still recognized today as one of the "World's Most Admired Company" being placed on Fortune Magazine's distinguished list for the ninth consecutive year in 2019.
On September 8, 2014, General Electric agreed to sell the company to Electrolux, a Swedish appliance manufacturer and the second-largest consumer appliance manufacturer after Whirlpool Corporation, for US$3.3 billion in cash. The deal carried a US$175 million termination fee clause if Electrolux was unable to complete the acquisition.
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