Electrolux considering buying GE appliances division - wave3.com-Louisville News, Weather & Sports

Electrolux considering buying GE appliances division

LOUISVILLE, KY (WAVE) - AB Electrolux, a Swedish appliances manufacturer, confirmed Thursday that it is in discussions regarding a possible acquisition of GE's appliances business, according to a release on Electrolux's website.

The release says that no deal has been reached yet.

[PREVIOUS STORY: Uncertainty surrounds GE's Appliance Park]

After a Bloomberg report in July that GE was considering selling its appliances division, Jerry Carney, president of IUE-CWA Local 83761, said local workers were very concerned.

In 2008, GE tried to sell but there were no takers. Since then, GE has invested $1 billion, opening a new manufacturing plant at Appliance Park and expanding its workforce to 6,000.

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