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GE Appliances is an American home appliance (Chinese owned) manufacturer based in Louisville, Kentucky. It is owned by Haier Smart Home Company, a publicly-traded affiliate of Haier , after an acquisition from General Electric in 2016.
GE Home & Business Solutions was a division of General Electric from 2007 to 2014. In 2013 it was renamed GE Appliances & Lighting. In 2013 it was renamed GE Appliances & Lighting. History
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As the company continued to grow, exports and production remained concentrated in Latin America. By the mid-1990s, Mabe was one of the leading appliance manufacturers in the world with annual growth between 15 and 20%. In Mexico, Mabe all but dominated the market, while in Latin America, Mabe commanded a 70% market share in home appliances.
Most Hotpoint production moved to GE's mammoth Appliance Park manufacturing complex in Louisville, Kentucky in the beginning of the 1950s. To this day, many Hotpoint appliances are made at Louisville, and as of 2013 [update] was the largest appliance plant in the world.
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Due to antitrust issues, GE cancels the appliance business deal with Electrolux after strong oppositions from antitrust regulators [29] 2015 GE completes Alstom Power acquisition. 2016 GE agreed to sell its appliance business to Qingdao Haier for $5.4 billion including the 48.4% of shares it held in Mabe, a Mexican appliance maker [30] 2016
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