Contact Us
New Canaan Daily Voice serves New Canaan, CT
Return to your home site


New Canaan Daily Voice serves New Canaan, CT

Nearby Towns


China’s Haier Agrees To Buy GE Appliance Business For $5.4B

Jeffrey Immelt
Jeffrey Immelt Photo Credit: Facebook

FAIRFIELD, CONN. -- More changes are in store for Fairfield-based General Electric Co. after company officials agreed to sell the GE appliance division for $5.4 billion to Chinese manufacturer Haier Group, which will continue to make the appliances under the GE name, the Wall Street Journal reports.

Jeffrey Immelt, GE’s chairman and chief executive officer, said Haier officials plan to grow their business in the United States while also growing the GE brand worldwide, the Wall Street Journal says. The deal comes after GE terminated its deal to sell the business for more than $3 billion to Electrolux amid antitrust concerns, the Wall Street Journal reports.

Also recently, GE announced plans to move its corporate headquarters from Fairfield to Boston.

Click here to read the Wall Street Journal article .

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

New Canaan Daily Voice!

Hi! You've read our articles so we know you like our reporting. To keep reading please join our mailing list.

Get important news about your town as it happens.