Panasonic to Pay $1.5 Billion for U.S. Fridge Maker Hussmann

  • President Tsuga steering away from televisions, smartphones
  • Clayton, Dubilier bought Hussmann from Ingersoll-Rand in 2011

Panasonic Corp. agreed to pay 186.6 billion yen ($1.5 billion) for U.S.-based maker of refrigeration systems Hussmann to bolster its housing operations and move further away from consumer electronics.

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