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Most Hotpoint production moved to GE's mammoth Appliance Park manufacturing complex in Louisville, Kentucky in the beginning of the 1950s. To this day, many Hotpoint appliances are made at Louisville, and as of 2013 [update] was the largest appliance plant in the world.
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From 2010 to late 2014, GE Appliances & Lighting was a sub-business under GE Home & Business Solutions. [ 12 ] On September 8, 2014, General Electric agreed to sell the company to Electrolux , a Swedish appliance manufacturer and the second-largest consumer appliance manufacturer after Whirlpool Corporation , for US$3.3 billion in cash.
GE ITS was acquired by Platinum Equity in late 2004 and has now been absorbed into the I.T. solutions company called CompuCom. This acquisition has resulted in a much larger customer base, so many of the personalized services previously provided by GE ITS have been lost or replaced by CompuCom's "one size fits all" business model.
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Haier was founded as Qingdao Refrigerator Co. in 1984. With China opening up to world markets, foreign corporations began searching for partnerships in China. One of these, Germany's refrigerator company Liebherr, entered into a joint-venture contract with Qingdao Refrigerator Co., offering technology and equipment to its Chinese counterpart.