Home appliances maker Whirlpool Corp announced on April 24 that it is selling its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion in cash, as it focuses on its consumer-facing businesses. The deal does not include Embraco’s Italy facility that the company plans to close, and is not expected to have a signifi cant impact on its 2018 financial results, Whirlpool said. Brazil-headquartered Embraco has been a Whirlpool majorityowned business unit since 1997. It has about 11,000 employees
across eight plants in Brazil, Italy, China, Slovakia and Mexico.