HAIER: Acquisition of GE Appliances is completed

China’s largest producer of household goods, Haier, has completed the acquisition of GE Appliances from General Electric. The deal was initially announced in January 2016.



GE Appliances will continue to be headquartered in Louisville, Kentucky / USA and operated independently under the day-to-day direction of its present management team. A board of directors, with representatives from the senior leadership teams of Haier and GE Appliances, and two independent directors, will help guide the strategy and operations of the business.

source:www.plasteurope.com