Electrolux Group looks to GE acqusition
AB Electrolux, parent company of brands such as Electrolux, AEG and Zanussi, has confirmed it is in discussions regarding the acquisition of GE Appliances.
Last year, US company General Electronics (GE) recorded consolidated revenues of $146billion, with the GE Appliances & Lighting business recording revenues of $8.338billion, a 5% increase.
Electrolux global sales have dipped by 4.9%, but Europe has shown a 1% increase year-on-year.
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In a statement, AB Electrolux said: “No agreement has been reached, and there can be no assurances that an agreement will be reached.”
Sintered stone manufacturer Neolith has launched Calacatta Roma and Cappadocia Sunset, inspired by nature and classical architecture, and for use in kitchens or bathrooms walls, floors, in gardens or facades.
They belong to The New Classtone and Fusioncollections which interpret marble and natural stone, respectively, and boast Neolith’s antibacterial NeolEAT technology.
Inspired by Ancient Rome, Calacatta Roma (pictured top) pays homage to Italian Carrara marble, with ochre and grey veins in a white background.
While the Cappadocia region, in central Turkey, with its rock formations formed by volcanoes and underground cities, has inspired Cappadocia Sunset (pictured below).
Just like all of Neolith’s surfaces, Calacatta Roma and Cappadocia Sunset are resistant to heat and atmospheric conditions, are 100% recyclable, and do not contain added quartz to their formulation.
Mar 14, 2024
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