Divestiture Feb 2017
GE Appliances exits heat pump water heater business
GE Appliances announced it was exiting the heat pump water heater product business, prompting Bradford White to acquire the related production assets.
“With GE Appliances’ announcement that they were exiting the business for this product, we saw the opportunity to acquire the assets and continue to be able to provide our customers with best-in-class heat pump water heaters and still build them in America.”
Entities
Bradford White · Acquirer GE Appliances · Target
Home performancePlumbing Sentiment: Neutral
Source: www.achrnews.com
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