Panasonic to purchase 100% of Hussmann

Panasonic has confirmed that it will acquire 100% of the shares in US refrigeration company Hussmann for $1.545bn. In a statement today from Panasonic headquarters in Osaka, the company confirmed an agreement with Hussmann Parent Inc and Clayton, Dubilier & Rice, LLC in New York, the representative of shareholders of Hussmann Parent, for Panasonic Group to acquire 100% of the shares of Hussmann Group including Hussmann Corporation in April of 2016.