Arçelik, Announces

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17.01.2023 - 09:28:44

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

The newly formed standalone business will combine both companies' European manufacturing expertise, strong supply chains, effective distribution and sales networks and innovative product pipelines to create additional value for European consumersThe new company will draw together approximately 20,000 employees across multiple European countries and many of the sector's best-known brandsThe combined net revenue is approximately EUR 6 billion, based on the net sales of the companies' European operations in 2021.Innovation and sustainability leadership will be at the centre of the new entity's strategyView original content: