Whirlpool to sell Hoover division to Techtronic
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From Bloomberg News
Whirlpool Corp. agreed to sell its Hoover vacuum-cleaner unit to Techtronic Industries Co. for $107 million in cash to focus on selling washing machines and refrigerators.
The sale includes Hoover manufacturing plants in North Canton, Ohio; El Paso; and Juarez, Mexico, Whirlpool said. Hoover will become part of Hong Kong-based Techtronic’s floor care appliance business, which includes Royal and Dirt Devil products.
Shares of Benton Harbor, Mich.-based Whirlpool fell 24 cents to $86.13.
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