BENTON HARBOR, MICH.—Whirlpool Corp. has entered into an agreement to acquire American Dryer Corp. (ADC), a privately held company that manufactures and markets coin-operated, on-premise, industrial and specialty laundry equipment. The planned acquisition gives Whirlpool’s commercial laundry business a platform to reach new markets and channels, while building on a strong foundation of innovation, quality, and service.
“Acquiring ADC strengthens our commitment to the commercial laundry industry and is aligned to our objectives of driving growth in adjacent businesses,” stated Jeff M. Fettig, Whirlpool Corp. Chairman and CEO. “We believe this acquisition nicely complements our leadership position in the overall laundry category.”
“Our Maytag and Whirlpool brands have a strong heritage in commercial laundry,” said 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 to close on the purchase of ADC in early July with integration activities happening throughout the balance of 2015. ADC is headquartered in Fall River, Mass. and is home to approximately 230 employees, a 300,000 square foot manufacturing facility and engineering and design center. Terms of the planned non-reportable transaction will not be disclosed.
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