deal-it-says
Panasonic buys U.S. refrigeration firm Hussmann for $1.5 billion
December 21, 2015 by admin · Leave a Comment
Japanese electronics maker Panasonic Corp is set to buy U.S. refrigeration firm Hussmann for over 186.6 billion yen ($1.5 billion) in a deal it says will leverage its technology and help it break into the U.S. food distribution industry. Panasonic, like several domestic peers, has been moving away from unprofitable smartphones and plasma television sets, focusing instead on higher margin products, such as high-end cold storage, …
The rest is here:
Panasonic buys U.S. refrigeration firm Hussmann for $1.5 billion