From non-psychoactive CBD to THC, the global cannabis market is projected to grow to a value of $85 billion by 2028 as more areas of the world begin to legalize cannabis for medical or recreational uses. As companies enter this growing industry, many cannabis processing operations are encountering a shortage of material-specific technical knowledge and few industry-specific equipment solutions. While the cannabis industry is in a state of professionalization and working to develop best practices, makers of equipment for dry particulate and bulk solid materials are now stepping in to offer their expertise and develop new technologies tailored for cannabis manufacturing that increase the efficiency of operations and quality of end products.
Whirlpool Corp. has sold its manufacturing plant in Middle Amana for $92.7 million, according to the Iowa County Assessor’s website.
The deal was first reported by the Corridor Business Journal. The sale is not expected to affect employment, operations or products, as the company plans to sign a long-term lease for the plant, the business publication reported.
Benton Harbor, Mich.-based Whirlpool sold the plant at 2800 220th Trail on Oct. 26 to Wramia001, a Chicago-based limited liability company, according to the Iowa County Assessor’s website.
The Middle Amana plant which dates back to 1940 assembles French door, bottom freezer and built-in refrigeration products under the Amana, JennAir, KitchenAid, Maytag and Whirlpool brands.