";s:4:"text";s:2352:" Haier bought GE Appliances in June 2016 for US$5.4 billion. While Haier sells more home appliances than any other manufacturer in the world, it’s still a relative unknown in the U.S. Haier said GE's appliance division will remain headquartered in Louisville, Kentucky. OUR Focus on innovation. US industrial giant General Electric will sell its appliances business to China's Haier Group for $5.4 billion, it said Friday, in one of the largest Chinese acquisitions of an American firm yet. GE Appliances has R&D centers in the U.S., China, Korea and India and also has created a new model for the manufacturing industry with FirstBuild, a global online co-creation community and microfactory in Louisville, Kentucky, that harnesses the brainpower of the maker movement to change the way home appliances are conceived, designed and manufactured. Photo: Chinatopix. Shop refrigerators and a variety of appliances products online at Lowes.com. The transaction values GE Appliances at 10 times the last 12 months of earnings before interest, taxes, depreciation, and amortization, GE said. Its quick-cool and quick-freeze capabilities provide an extra cooling boost for rapidly chilling homemade desserts and refreshments. HONG KONG — General Electric said on Friday that it had agreed to sell its appliances business to Qingdao Haier of China for $5.4 billion in cash. Online shopping from a great selection at Appliances Store. Haier said the transaction includes GE Appliances’ 48.4% stake in Mabe, a Mexican appliance company that has a joint venture and a sourcing relationship with the business. This 27.6-inch Haier bottom-freezer refrigerator is ENERGY STAR-certified and operates efficiently with its bright LED interior lighting and auto-defrost function. Ultra Durable 218428101 Refrigerator Door Handle Replacement Part by Blue Stars - Exact Fit for Frigidaire & Kenmore Refrigerators - Replaces AP2114539, 241711801, AH427922, EA427922, PS427922