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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.
In 1986, Mabe entered into a joint venture with General Electric to produce appliances for the US market where GE received a 48% minority stake. By the mid-1990s, more than two-thirds of all gas ranges and refrigerators imported into the United States were designed and manufactured by Mabe, and 95% of those sold under the General Electric ...
GE Appliances and Lighting; Formerly: GE Home & Business Solutions (2007–2013) Company type: Division of General Electric: Industry: Appliances: Founded: August 1, 2007; 17 years ago () Defunct: 2014 () Fate: Closed following a proposal to sell off GE Appliances
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General Electric Company (GE) was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston. Over the years, the company had multiple divisions, including aerospace, energy, healthcare, lighting, locomotives, appliances, and finance.
Solutions Way Management, LLC, a subsidiary of Allied Realty, Co., as part of the 2001 Genicom bankruptcy settlement, [1] purchased the former GE property for $750,000 and now operates it as an incubator for fledgling new businesses, providing manufacturing space, and offering support services as required by the newcomers.