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Amana refrigerator sold for $13.6M: Reports

Amana refrigerator sold for $13.6M: Reports

An Israeli refrigerator brand named Amana has been sold for an undisclosed sum to a Japanese retailer for $15.6 million.

The purchase is the first of its kind in Israel, and comes amid a string of acquisitions by the country’s large companies, including Israel Aerospace Industries, and the country is poised to make major investments in the global food sector, including a $100 billion expansion of its global agricultural sector. 

Sources said the sale was made at a private sale, but the company declined to disclose the price.

The brand’s parent company, Amsa, announced plans to expand its food business in 2015, and it has been expanding its portfolio of refrigerators to include several new models.

The company has been selling refrigerators at auctions for years, but in recent years has focused on bringing in larger brands such as Samosas, which it acquired for $30 million in 2015. 

The company’s newest model, the Amana, is made with the latest technology, including new sensors, the company said. 

Amsa did not specify what the buyer was getting for the deal. 

“We are very proud to be able to present Amana at this level,” said CEO Andras Herzog, who is also chairman of Israel Aerospace and Israel’s Space Industries. 

In a statement, the Japanese firm said the purchase was the culmination of its long partnership with Amana and that it will invest approximately $15 million in the new product line.

The agreement will include a partnership with a leading Japanese manufacturer of refrigerants, it said.

Amana’s refrigerator will be made in Israel and will be available in the United States and Europe. 

Last week, Israel’s space agency, IAS, said that it is planning to launch its new satellite next year, and that the new satellite will be a replacement for the older Iridium-7 and Iridium 7E satellites.

IAS said it plans to launch a new satellite by the end of 2018, which would replace Iridium’s 7A satellite. 

As part of the new launch plan, IGS plans to use its own satellite to launch the new spacecraft.

IGS will use its new spacecraft, the Polar Orbiting Laboratory (Polar), to deliver high-speed scientific data and scientific payloads, according to the company.

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