BENTON HARBOR, Mich. — Whirlpool Corp. has completed its acquisition of American Dryer Corp. (ADC), a privately held manufacturer of coin-operated, on-premise, industrial and specialty laundry equipment.
Terms of the transaction were not disclosed.
The acquisition gives Whirlpool’s commercial laundry business “a platform to reach new countries and channels, while building on a strong foundation of industry-leading innovation, quality and service,” the company says.
“Acquiring ADC strengthens our commitment to the commercial laundry industry and is aligned to our objectives of driving growth in adjacent businesses,” says Jeff M. Fettig, Whirlpool chairman and CEO. “We believe this investment nicely complements our leadership position in the overall laundry category.”
“Our Maytag and Whirlpool brands have a strong heritage in commercial laundry,” says Brett Dibkey, vice president, North American Integrated Business Units. “The addition of ADC is yet another step toward our goal of building the industry’s best, most reliable full line of commercial laundry equipment.”
Whirlpool expects integration activities to occur throughout the balance of this year.
ADC, headquartered in Fall River, Mass, is home to approximately 230 employees, a 300,000-square-foot manufacturing facility and a state-of-the-art engineering and design center.
Whirlpool says this facility will become a “valuable part of the Whirlpool manufacturing portfolio” that spans 14 locations across North America.
RELATED STORY: Whirlpool to Acquire American Dryer Corp. (ADC), May 18, 2015
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