7 Big American Brands That Quietly Became Foreign-Owned

7. General Electric Appliances

General Electric Appliances, a century-old American appliance manufacturer headquartered in Louisville, Kentucky, became part of the Chinese multinational Haier Group in 2016. Haier, based in Qingdao, China, acquired GE Appliances for approximately $5.6 billion, marking a significant milestone in the trend of American brands being bought by foreign companies.