1954 GENERAL ELECTRIC REFRIGERATOR FREEZER HOUSEHOLD KITCHEN APPLIANCE AD 29040 

DATE OF THIS  ** ORIGINAL **  ILLUSTRATED COVER: 1954

SPECIAL CHARACTERISTICS/DESCRIPTIVE WORDS:  REVOLVING SHELVES FOOD LOUISVILLE KENTUCKY HOUSEWIFE

GE Appliances is an American home appliance manufacturer based in Louisville, Kentucky. It has been majority owned by Chinese multinational home appliances company Haier since 2016. It is one of the largest appliance companies in the United States and manufactures appliances under several brands, including GE, GE Profile, Café, Monogram, Haier and Hotpoint (Americas only, European rights held by Whirlpool Corporation). The company also owns FirstBuild, a co-creation community and micro-factory on the University of Louisville's campus in Louisville, Kentucky. Another FirstBuild location is in South Korea, and a FirstBuild location in India opened its doors in 2019.

The company was owned by General Electric until 2016, and it was previously known as GE Appliances & Lighting and GE Consumer & Industrial. Haier has the right to use the GE brand name until 2056.

History

GE Appliances was originally a part of General Electric, a company which began marketing a full roster of heating and cooking products in 1907. In January 2004, it became part of GE Consumer & Industrial when GE Consumer Products (founded in 1905) merged with GE Industrial Systems (founded in 1930) to form GE Consumer & Industrial. From 2010 to late 2014, GE Appliances & Lighting was a sub-business under GE Home & Business Solutions.

On September 8, 2014, General Electric agreed to sell the company to Electrolux, a Swedish appliance manufacturer and the second-largest consumer appliance manufacturer after Whirlpool Corporation, for US$3.3 billion in cash. The deal carried a US$175 million termination fee clause if Electrolux was unable to complete the acquisition. The transaction was terminated in December 2015 after the United States Department of Justice filed a lawsuit to block the deal on concerns that, along with Whirlpool, the combined company would control 90% of the "do-it-yourself" market for kitchen appliances sold by home construction retailers.

On June 6, 2016, Haier and KKR acquired GE Appliances for $5.6 billion. Under the terms of the sale, Haier would have the right to use the GE brand name until 2056. GE Appliances launched a refreshed tagline (“good things, for life”) in 2017, a nod to its history with General Electric, which used the tagline “we bring good things to life” from 1979 to 2003.

GE appliances now operates as an independent subsidiary and remains headquartered in Louisville, Kentucky.

GE Appliance Park

In 1951, construction began in Louisville, Kentucky on Appliance Park, the now 750[ acre (400 ha) manufacturing facility that currently employs 8,100 people. In 2007, the 9,000 sq ft (840 m2) Monogram Experience Center opened to provide architects, designers, contractors, and other home-industry professionals the opportunity to interact with appliances from the Monogram Collection. In 2011, a data center with platinum certification by Leadership in Energy and Environmental Design was opened. Building 6 was destroyed by an 8-alarm fire on the morning of April 3, 2015. In 2017, the company invested $30 million to construct a new washer and dryer manufacturing line. In 2017, the company moved the Supplier Distribution Center operated by Derby Supply Chain Solutions to AP2. In 2018, the company announced a $200 million investment in its laundry and dishwasher product facilities.



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