Whirlpool Corporation completed the sale of its Embraco business unit to Kyoto, Japan-based Nidec Corporation. Embraco is a leading manufacturer of hermetic compressors for refrigeration.

Embraco was sold to Nidec for a cash purchase price of $1.08 billion, subject to customary working capital and indebtedness adjustments. The sale is consistent with the Company’s strategic focus on its consumer-facing business.

“Our decision to sell the Embraco business is related to the broader goal of delivering value for consumers through cutting-edge, high-quality products that solve everyday problems,” said João Carlos Brega, President, Whirlpool Latin America.

Headquartered in Brazil, Embraco has been a Whirlpool Corporation business unit since 1994. The organization has a workforce of nearly 10,000 employees in seven plants in Brazil, China, Slovakia and Mexico, along with commercial offices in the U.S., Italy and Russia.

Embraco will remain a significant supplier of hermetic compressors to Whirlpool Corporation.