Whirlpool to sell Hoover division to Techtronic

Whirlpool Corp. agreed to sell its Hoover vacuum-cleaner unit to Techtronic Industries Co. for $107 million in cash to focus on selling washing machines and refrigerators.

The sale includes Hoover manufacturing plants in North Canton, Ohio; El Paso; and Juarez, Mexico, Whirlpool said. Hoover will become part of Hong Kong-based Techtronic’s floor care appliance business, which includes Royal and Dirt Devil products.

Shares of Benton Harbor, Mich.-based Whirlpool fell 24 cents to $86.13.