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On June 6, 2016, Qingdao Haier (now Haier Smart Home Company) acquired GE Appliances for $5.6 billion. Under the terms of the sale, Haier has the right to use the GE brand name until 2056. GE Appliances launched a refreshed tagline ("good things, for life") in 2017, [ 14 ] [ 15 ] [ 16 ] a nod to its history with General Electric, which used the ...
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 ...
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.
GE Appliances, which the conglomerate sold to the Chinese-owned Haier in 2016, will launch CoCREATE Stamford next year, featuring kitchen appliance manufacturing. The Louisville-based company will ...
Culp’s moves helped to turn around shares of GE, which had fallen by 45% in 2017 and another 57% in 2018. Its shares nearly doubled, rising 95%, in 2023, and were up another 37% this year
Sub-Zero was founded as the Sub-Zero Freezer Company on August 20, 1945 by Westye F. Bakke in Madison, Wisconsin. [2] In 2000, it acquired the domestic appliance line of the Wolf Range Corporation, [3] a California-based manufacturer of professional-style ranges, cooktops and grills for both home and commercial use.