Whirlpool Sells Amana Microwave Unit
Whirlpool Corp. has sold a commercial microwave unit for U.S. $49 million to Aga Foodservice Group Plc, according to a Bloomberg News report.
Whirlpool said in May it planned to sell the Amana commercial microwave unit, along with its Hoover vacuum, Dixie- Narco vending machine and Jade commercial appliance divisions, after its $1.68-billion purchase of rival Maytag Corp.
Amana microwaves are used at fast-food restaurants. The products are manufactured in Whirlpool’s factory in Amana, IA, U.S., where Whirlpool is expanding production of refrigerators with freezers on the bottom.
Solihull, England-based Aga said it will move production to a new site within 2 years.
Hoover’s fate is still being considered as Whirlpool gauges interest in the product line.