7/19/2023 0 Comments Marc bitzer whirlpool linkedinThe acquisition is expected to be immediately accretive to Whirlpool Corporation’s margins, adding approximately $1.25 EPS accretion in fiscal 2023. InSinkErator will maintain its headquarters in Mount Pleasant, Wisconsin. Following the close of the transaction, InSinkErator is expected to operate as a separate business as part of Whirlpool’s North America Region. This represents a transaction value of 14x EBITDA multiple, including future tax benefits and synergies. On a full-year basis, ending September 30, 2022, InSinkErator is expected to generate sales of ~$650 million and EBITDA (1) in excess of $170 million. We look forward to capitalizing on the significant growth opportunities we see for this business.”Įstablished in 1938, InSinkErator is the leader in the food waste disposal industry with a greater than 70% share and the industry’s most recognized and trusted brand. “InSinkErator is not only an iconic brand with a reputation for the highest quality and performance, but also a business that is purpose-driven and shares our vision of improving life at home. The acquisition is a clear accelerator of our ongoing portfolio transformation and aligned with our stated goals of investing in high-growth and high-margin businesses and Win Americas,” said Marc Bitzer, Chairman and CEO of Whirlpool Corporation. “We are excited for the unique opportunity to add InSinkErator to our portfolio of leading brands.
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