Whirlpool increases its laundry business

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Jeff M. Fettig, chairman and CEO of Whirlpool Corporation
Jeff M. Fettig, chairman and CEO of Whirlpool Corporation

Whirlpool Corporation invests in commercial laundry, where it has completed the purchase of American Dryer Corporation (ADC), a privately held company that manufactures and markets coin-operated, on-premise, industrial and specialty laundry equipment. The operation will allow the American colossal of the home appliances to increase its position also in commercial sector, with a new platform to reach new countries and channels. «Acquiring ADC – declared the company’s chairman and chief executive officer, Jeff M. Fettig – strengthens our commitment to the commercial laundry industry and is aligned to our objectives of driving growth in adjacent businesses. We believe this investment nicely complements our leadership position in the overall laundry category.» Whirlpool 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.