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Electrolux to Buy GE Appliances Business for $3.3 Billion

Wall Street Journal Original article ›

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Electrolux acquires GE's appliance business for $3.3 billion in 2014. This follows competitor Whirlpool's acquisition of a majority stake in Italian company Indesit for $1 billion in 2014. The deal would raise Electrolux market share in the U.S. to 37% from about 20%. The CEO of Electrolux, Keith McLoughlin, says this enables Electrolux to use GE's capacity for washing machine production in the U.S. to avoid import duties of about 33% for imports from Mexico. He says GE's posiiton as the top maker for home builders in the U.S. is a major plus.

Electrolux performance

07/22/2011

Grouped Articles

Electrolux Hit by Restructuring

Wall Street Journal 07/19/2014

Electrolux to Buy GE Appliances Business for $3.3 Billion

Wall Street Journal 09/09/2014

In Second Try Electrolux Reaches Deal to Buy G.E. Appliances Unit, for $3.3 Billion

New York Times 09/08/2014

Electrolux CEO Vows to Remain at Helm

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Whirlpool to Raise Prices

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Appliances Hit Slow Cycle

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Electrolux management

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Grouped Articles

Electrolux Hit by Restructuring

Wall Street Journal 07/19/2014

Electrolux to Buy GE Appliances Business for $3.3 Billion

Wall Street Journal 09/09/2014

In Second Try Electrolux Reaches Deal to Buy G.E. Appliances Unit, for $3.3 Billion

New York Times 09/08/2014

Electrolux CEO Vows to Remain at Helm

Wall Street Journal 07/04/2015

Whirlpool to Raise Prices

Wall Street Journal 07/22/2011

Electrolux N. America

10/22/2012

Grouped Articles

Electrolux Hit by Restructuring

Wall Street Journal 07/19/2014

Electrolux to Buy GE Appliances Business for $3.3 Billion

Wall Street Journal 09/09/2014

In Second Try Electrolux Reaches Deal to Buy G.E. Appliances Unit, for $3.3 Billion

New York Times 09/08/2014

Electrolux CEO Vows to Remain at Helm

Wall Street Journal 07/04/2015

Appliances Hit Slow Cycle

Wall Street Journal 10/22/2012

Electrolux's acquisition of GE's appliance business

09/08/2014

Grouped Articles

Electrolux to Buy GE Appliances Business for $3.3 Billion

Wall Street Journal 09/09/2014

In Second Try Electrolux Reaches Deal to Buy G.E. Appliances Unit, for $3.3 Billion

New York Times 09/08/2014

Electrolux CEO Vows to Remain at Helm

Wall Street Journal 07/04/2015

U.S.: Electrolux Bid for GE Appliance Unit Will Result in Higher Prices

Wall Street Journal 11/10/2015

Antitrust Cops Put Brakes on Staples, GE Deals

Wall Street Journal 12/08/2015

Electrolux to Pay $175 Million Break-Up Fee for Failed GE Deal

Wall Street Journal 12/10/2015


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