Content about majority shareholder

August 15, 2013

Whirlpool has entered into agreements to become a majority shareholder in Hefei Rongshida Sanyo Electric Co., a leading home appliances manufacturer based in Hefei, China.

Through this transaction, a Whirlpool subsidiary will acquire all shares currently owned by Sanyo Electric Co. and Sanyo Electric Co. (China), and purchase new Hefei Sanyo shares via a private placement. 

June 18, 2013

Ace Hardware has announced the appointment of two new member directors to its board of directors: Stew Elliott Jr., of Elm Grove, Wis.; and Amy Kaplanis of Granby, Colo.

Elliott, 55, is a majority shareholder of Elliott Ace Hardware, a four-store Ace chain located in the western suburbs of Milwaukee. Prior to taking ownership in Ace Hardware, Elliott held a leadership sales role with Amerock, a vendor serving the convenience hardware industry, for six years.

October 25, 2010

An affiliate of Cerberus Capital Management has dropped its tender offer for BlueLinx Holdings after...