Industry Overview
GE Appliances produces refrigerators, freezers, washers and other products in the home appliance industry. They also produce cooking appliances and dryers under well-known brands such as Monogram, Café, Profile, and Artistry. Before the acquisition, GE Appliances generated nearly $6 billion in annual revenue and held a respected position in the U.S. market. Haier is a global leader in home appliances, with a strong presence in China and expanding operations globally.