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Speed Queen makes a large variety of residential and commercial products, from 25-pound (11 kg)-capacity tumblers to 250-pound (110 kg) washer-extractors, as well as dryers. Its commercial machines are a popular brand for laundromats , apartment buildings, and hotels .
In 2022, the company made a $70 million investment to build gas water heaters in Camden, South Carolina. [30] In March 2023, GE Appliances co-founded the Home Connectivity Alliance to support interoperability among various smart home devices. [31] In October 2023, GE Appliances opened CoCREATE, a new facility in Stamford, Connecticut.
The first Lowe's store, Mr. L.S. Lowe's North Wilkesboro Hardware, opened in North Wilkesboro, North Carolina, in 1921 by Lucius Smith Lowe. [8] After Lowe died in 1940, the business was inherited by his daughter, Ruth Buchan, who sold the company to her brother, James Lowe, for $4,200, [ 9 ] that same year.
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