Beko Europe is an entity created by a merger of the operations in Europe of Turkey’s Arcelik and US’ Whirlpool.
The transaction between the two was announced last year but was finalized on Tuesday.
The result is a new company, Beko Europe, which has more than 20,000 employees and a production capacity of approximately 24 million home appliance products per year across 11 production sites.
The new entity is 75% owned by Beko B.V (Arcelik) and 25% by Whirlpool Corporation, the Arcelik group said in a release. Two of the 11 plants are in Romania, namely Arctic’s plants in Gaesti and Ulmi, Dambovita County and the rest are in Cassinetta, Melano, Comunanza and Siena in Italy, Wroclaw, Radomsko and Lodz in Poland, Poprad in Slovakia and Yate in the UK.
As a result of the deal, Whirlpool enters home appliances manufacturing in Romania after having previously had only import and distribution operations in the country.
(English version by Loredana Fratila-Cristescu)