Embraco

Whirlpool Corporation Announces João Carlos Costa Brega, Executive Vice President and President, Whirlpool Latin America, to Step Down from Role

Retrieved on: 
Monday, January 9, 2023
Whirlpool Corporation, Advanced Management Program, Bachelor, International business, Employment, Harvard Business School, Growth, NYSE, Globally Executable MHP, WHR, Instituto Panamericano de Alta Dirección de Empresa, EGADE Business School, ITESM, AMP, Fundação Getulio Vargas, Senior, Management, Drug, Whirlpool, Embraco

BENTON HARBOR, Mich., Jan. 9, 2023 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) announced today that João Carlos Costa Brega, Executive Vice President, Whirlpool Corporation, and President, Whirlpool Latin America, will be stepping down from his role as part of a long-term succession plan, effective March 31, 2023. 

Key Points: 
  • Juan Carlos Puente, Senior Vice President and President, Whirlpool Latin American North Region, to succeed Brega
    BENTON HARBOR, Mich., Jan. 9, 2023 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) announced today that João Carlos Costa Brega, Executive Vice President, Whirlpool Corporation, and President, Whirlpool Latin America, will be stepping down from his role as part of a long-term succession plan, effective March 31, 2023.
  • Juan Carlos Puente, currently Senior Vice President, Whirlpool Corporation, and President, Whirlpool Latin America North Region, will succeed Brega, effective April 1, 2023.
  • Joe Liotine, President and COO of Whirlpool Corporation also said, "João Brega's leadership has built a strong foundation for Whirlpool Latin America to continue to succeed as the industry leader.
  • He also previously served as Director of Operations for Whirlpool Argentina/Chile, Chief Financial Officer of Whirlpool Latin America, and President of Operations for Whirlpool Mexico and Canada.

Rotunda Capital Partners Acquires Refrigeration Sales Corporation

Retrieved on: 
Wednesday, June 23, 2021
Other Manufacturing, Commercial Building & Real Estate, Construction & Property, Engineering, Banking, Professional services, Building Systems, Manufacturing, Other Construction & Property, Residential Building & Real Estate, Heating, ventilation, and air conditioning, Engineering, Academic disciplines, Science and technology, Food preservation, Home appliances, Refrigeration, Thermodynamics, Air conditioning, Embraco, Ferguson plc, Refrigeration Sales Corporation, Rotunda Capital Partners, REFRIGERATION SALES CORPORATION, ROTUNDA CAPITAL PARTNERS

Rotunda Capital Partners (Rotunda), an operationally-focused private equity firm, has acquired a majority stake in Refrigeration Sales Corporation (RSC or the Company), a leading wholesale distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment, parts and supplies in Ohio and Western Pennsylvania.

Key Points: 
  • Rotunda Capital Partners (Rotunda), an operationally-focused private equity firm, has acquired a majority stake in Refrigeration Sales Corporation (RSC or the Company), a leading wholesale distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment, parts and supplies in Ohio and Western Pennsylvania.
  • We are thrilled to partner with Refrigeration Sales Corporation, said Dan Lipson, partner at Rotunda.
  • Refrigeration Sales Corporation is a fourth-generation family-owned wholesale distributor of heating, ventilation, air conditioning, and refrigeration equipment.
  • Rotunda Capital Partners is a private equity firm that invests equity capital in established, lower middle market companies.

Tecumseh Welcomes Ricardo Maciel as Managing Director of Europe

Retrieved on: 
Monday, May 10, 2021
Companies, Tecumseh Products, Embraco, Secondary sector of the economy, Nidec, Secop, Tecumseh

b"ANN ARBOR, Mich., May 10, 2021 /PRNewswire-PRWeb/ --Tecumseh Products Company LLC, a global leader and innovator of commercial refrigeration technologies, has welcomed Ricardo Maciel as their Managing Director EMEA based in Vaulx-Milieu, France.\nRicardo brings over 20 years of leadership experience and knowledge in the refrigeration compressor industry having most recently been President and CEO of SECOP Group.

Key Points: 
  • b"ANN ARBOR, Mich., May 10, 2021 /PRNewswire-PRWeb/ --Tecumseh Products Company LLC, a global leader and innovator of commercial refrigeration technologies, has welcomed Ricardo Maciel as their Managing Director EMEA based in Vaulx-Milieu, France.\nRicardo brings over 20 years of leadership experience and knowledge in the refrigeration compressor industry having most recently been President and CEO of SECOP Group.
  • Prior to his current role, Ricardo was President, Cold Business Unit for Nidec Global Appliances and before that Ricardo spent 15 years with Embraco primarily in engineering and R&D leadership roles.\nAs Managing Director, Ricardo will be responsible for all aspects of the Tecumseh business in Europe, Middle East and Africa as well as being an integral part of Tecumseh's global leadership team.\nFounded in 1934, Tecumseh Products Company LLC is a leading global manufacturer of hermetic reciprocating, rotary and scroll compressors ranging in capacity from 1/15th to 30 horsepower, as well as offering a complete line of condensing units and systems for use in residential and commercial refrigeration and air conditioning applications.
  • Tecumseh products are manufactured on four continents and sold globally through a network of sales professionals, authorized wholesalers and licensed distributors offering brand names that include: AE, AE2, AW, Celseon, L'Unite Hermetique, Masterflux, Silensys, and Wintsys.
  • Tecumseh Products Company LLC is headquartered in Ann Arbor, Michigan.\n"

Nidec to acquire the Delta production line from Secop Austria

Retrieved on: 
Wednesday, April 1, 2020
Companies, Electric motors, Secop, Nidec, Human activities, Embraco, Economy, Compressor, Nidec-Shimpo America Corporation

Nidec remained active in the household compressor business as a result of its acquisition of Embraco.

Key Points: 
  • Nidec remained active in the household compressor business as a result of its acquisition of Embraco.
  • Nidec became aware that Secop Austria would suspend its operation in Frstenfeld following Secops press release of October 22, 2019 and intended to offer for sale the Delta production line.
  • In light of Nidecs business strategy and economic rationale in Europe, and its confidence in the work force at Frstenfeld, Nidec decided to further invest in Frstenfeld and execute the Transaction with Secop Austria.
  • As a result of the Transaction, Nidec will take over approximately 40 employees who were engaged in the Delta compressor business.

Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2019

Retrieved on: 
Wednesday, October 23, 2019
Companies, Economy, Nidec, Business, Embraco, International Financial Reporting Standards, Financial statement, Financial result

KYOTO, Japan, Oct. 23, 2019 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (IFRS) for the period of April 1, 2019 through September 30, 2019.

Key Points: 
  • KYOTO, Japan, Oct. 23, 2019 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (IFRS) for the period of April 1, 2019 through September 30, 2019.
  • First-half operating profit decreased by 35% Y/Y due to the additional R&D and start-up costs (approx.
  • 8.5 billion yen) of traction motors which are in high demand, and to the additional acquisition related expenses of Embraco (approx.
  • The annual forecast has been revised down based on the first-half results and second-half operating profit forecast.

Whirlpool Completes Sale of Embraco Business Unit to Nidec Corporation

Retrieved on: 
Monday, July 1, 2019
Companies, Embraco, Nidec, Whirlpool Corporation, Economic sectors, Industries, WHR

BENTON HARBOR, Mich., July 1, 2019 /PRNewswire/ -- Today Whirlpool Corporation (NYSE: WHR) completed the sale of its Embraco business unit to Kyoto, Japan-based Nidec Corporation.

Key Points: 
  • BENTON HARBOR, Mich., July 1, 2019 /PRNewswire/ -- Today Whirlpool Corporation (NYSE: WHR) completed the sale of its Embraco business unit to Kyoto, Japan-based Nidec Corporation.
  • Embraco was sold to Nidec for a cash purchase price of $1.08 billion, subject to customary working capital and indebtedness adjustments.
  • Headquartered in Brazil, Embraco has been a Whirlpool Corporation business unit since 1994.
  • Embraco will remain a significant supplier of hermetic compressors to Whirlpool Corporation.

Embraco North America highlights future of refrigeration at AHR Expo 2019

Retrieved on: 
Monday, January 14, 2019
Building Systems, Energy, Alternative energy, Manufacturing, Engineering, Environment, Retail, Specialty, Construction & Property, Heating, ventilating, and air conditioning, Chemistry, Thermodynamics, Temperature, Refrigerant, Natural refrigerant, Refrigeration, R290, Propane, HVAC, Embraco, Vapor-compression refrigeration

Today at AHR Expo 2019 , the worlds largest HVACR event, Embraco, a global company that promotes quality of life through innovative cooling solutions, showcased its vision for the future of refrigeration with energy efficient offerings compatible with natural refrigerant Propane (R290).

Key Points: 
  • Today at AHR Expo 2019 , the worlds largest HVACR event, Embraco, a global company that promotes quality of life through innovative cooling solutions, showcased its vision for the future of refrigeration with energy efficient offerings compatible with natural refrigerant Propane (R290).
  • The company believes that using natural refrigerants especially hydrocarbons is the ideal solution for the future of refrigeration by sustainably aligning economic and environmental needs.
  • With the U.S. light commercial refrigeration market already migrating to natural refrigerant (R290), sustainable solutions are becoming mainstream.
  • Moving to natural refrigerants not only helps with compliance of future standards, but it also makes it easier to service equipment and be more energy efficient and environmentally friendly, said Marek Zgliczynski, director of research and development, Embraco North America.

Whirlpool Corporation Announces Sale Of Embraco Compressor Business And A Modified Dutch Auction Tender Offer

Retrieved on: 
Tuesday, April 24, 2018
Whirlpool Corporation, Embraco, Marc Bitzer, Bitzer, Industrial organization, Economy of the United States, Business

Since Embraco operates in the business-to-business space, this transaction enhances our strategic focus on investing in and growing our consumer-facing business," said Marc Bitzer, chief executive officer of Whirlpool Corporation.

Key Points: 
  • Since Embraco operates in the business-to-business space, this transaction enhances our strategic focus on investing in and growing our consumer-facing business," said Marc Bitzer, chief executive officer of Whirlpool Corporation.
  • "The planned tender offer further demonstrates our commitment to returning capital to shareholders, consistent with our balanced capital allocation strategy."
  • Headquartered in Brazil, Embraco has been a Whirlpool majority-owned business unit since 1997.
  • The Embraco business is currently reported as part of Whirlpool Corporation's Latin America segment.