IIPM Knowledge Centre

Quite simply, Whirlpool has acted as a white knight for Maytag, a company in significant decline this century. Maytag’s annual growth rate, earning per share and dividend per share have virtually witnessed no growth since 2000. And its operating income has been falling continuously; reaching a dismal $40 million in 2003-04, barely one percent of sales. Further, the acquisition comes at a time when Whirlpool’s sales in Asia especially China and India, the future markets are hardly 5% of global sales.

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Source :- IIPM Editorial, 2006