Panasonic to buy refrigeration firm Hussmann for over $1.2 billion: sources

December 21, 2015 5:22 AM

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Panasonic to buy refrigeration firm Hussmann for over $1.2 billion: sources

TOKYO Japanese electronics maker Panasonic Corp (6752.T) has agreed to buy a majority stake in U.S. refrigeration systems maker Hussmann from a private equity firm for over 150 billion yen ($1.2 billion), people familiar with the matter said on Monday.

Panasonic agreed to buy the stake from Clayton Dubilier & Rice, said the people, who declined to be identified as they were not authorized to speak with media on the matter.

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