General Electric Co., Fairfield, Conn., said it will combine its GE Appliances and GE Lighting businesses into a single business, GE Consumer Products, to cut costs.
“Because Appliances and Lighting have powerful connections with a similar consumer base, we believe they will now be able to grow more successfully together than either would on its own,” said GE Chairman Jeff Immelt.
GE Consumer Products, with annual revenues of more than $8 billion, will be headquartered in Loui
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.