UK watchdog to probe deeper into Arcelik's European deal with Whirlpool
September 28, 2023 at 02:18 am EDT
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(Reuters) - Britain's antitrust regulator said on Thursday Turkish domestic appliances maker Arcelik's proposed purchase of Whirlpool's appliances business in Europe will be referred for a more in-depth probe.
The deal could reduce choices in the supply of washing machines, tumble dryers, dishwashers and cooking appliances and will be referred for a so-called phase-2 investigation unless Arcelik addresses its concerns, the Competition and Markets Authority said in a statement.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Janane Venkatraman)
Whirlpool Corporation is a global kitchen and laundry company. The Companyâs segments include Major Domestic Appliances (MDA) North America; MDA Europe, MDA Latin America; MDA Asia, and Small Domestic Appliances (SDA) Global. The Company in the United States and Canada, market and distributes major home appliances and other consumer products under the Whirlpool, KitchenAid, Maytag, Amana, InSinkErator, JennAir, affresh, Swash, everydrop and Gladiator brand names to retailers, distributors, and builders, and directly to consumers. In Europe, the Company markets and distributes major domestic appliances under the Whirlpool, Indesit, Hotpoint, Bauknecht, Ignis, Maytag and Privileg brand names. In Latin America, the Company produces, market and distributes primarily Consul, Brastemp, Whirlpool, KitchenAid, Acros, Maytag and Eslabon de Lujo brand names. In Asia, the Company market primarily under the Whirlpool, Elica, Maytag, KitchenAid, and Indesit brand names.