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The company has often and regularly expanded through mergers and acquisitions. While Electrolux had bought several companies before the 1960s, that decade saw the beginnings of a new wave of M&A activity. The company bought ElektroHelios, Norwegian Elektra, Danish Atlas, Finnish Slev, and Flymo, et al., in the nine years from 1960 to 1969. [16]
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It is headquartered in Bristol, Virginia and has over 500 independently owned franchises in the U.S. and Canada. Aerus is the successor to Electrolux USA, the iconic manufacturer of vacuum cleaners. However, the Electrolux name is now used in the U.S. by the Electrolux Group of Sweden, which until 2016 also manufactured Eureka vacuum cleaners. [1]
While the company was owned by General Motors, its logo featured the phrase "Product of General Motors", and later renamed to "Home Environment Division of General Motors". Frigidaire was sold to the White Consolidated Industries in 1979, which in 1986 was purchased by Electrolux, its current parent. The company claims firsts including:
As a result of the breakup and dissolution of the original company, Electrolux acquired the brand rights in 2005 and the name is also licensed to various companies: [25] Currently the brand is being actively promoted by Electrolux; it includes many of the same products that it formerly manufactured, such as power solutions energy devices ...
The company manufactured both large and small appliances for many years. Appliances bearing the White-Westinghouse name were made by Electrolux after 1998 under license from Paramount Global through its Westinghouse brand management subsidiary.
Check out these seemingly small companies that are actually owned by huge corporations, ranging from Ben & Jerry’s to Burt’s Bees. Wilder Shaw / Cheapism. 1. Bolthouse Farms.
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.