Michigan based home appliances maker Whirlpool Corporation announced it has entered into a mutual confidentiality agreement with Maytag Corporation. The agreement allows Whirlpool to immediately commence the due diligence phase of its proposed acquisition of Maytag. Whirlpool expects to make no further comment at this time.
World's leading home appliances manufacturer and marketer Whirlpool Corporation with annual sales of over $13 billion, 68,000 employees. The Company has nearly 50 manufacturing and technology research centers around the globe. The company markets Whirlpool, KitchenAid, Brastemp, Bauknecht, Consul and other major brand names to consumers in more than 170 countries.