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Electrolux to buy GE’s appliance division
- September 10, 2014
- News Release
- Shop Management
Stockholm-based Electrolux has announced it is buying the appliances business of General Electric Co., boosting its presence in the North American market. The acquisition is the largest ever for Electrolux, which has its North American headquarters in Charlotte, N.C.
GE confirmed in August that it was in talks to sell its appliances division, based in Louisville, Ky., as part of its effort to focus on selling more complex and profitable industrial equipment. The division, which employs 12,000 workers at nine factories, produces refrigerators, freezers, cooking products, washers, dryers, and air conditioners.
The acquisition needs regulatory approval and is expected to be completed in 2015.
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The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
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- 04/30/2024
- Running Time:
- 53:00
Seth Feldman of Iowa-based Wertzbaugher Services joins The Fabricator Podcast to offer his take as a Gen Zer...
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