Fairfield, CT — GE announced last month that it is reviewing strategic options for its Appliances business, including a strategic partnership or joint venture, a spin off or the sale of the business.

According to GE Chairman and CEO Jeff Immelt: “This review is consistent with the strategy we have been executing to transform our portfolio for long-term growth.”

The Appliances business, headquartered in Louisville, KY, is a $7.2-billion business that employs some 13,000 people worldwide, the company notes.

Immelt states: “GE Appliances has a very strong brand, great distribution, a talented leadership team and, for more than 100 years, has been one of the icons associated with GE in the U.S. However, it remains primarily a U.S. business, meaning its fortunes are tied to the rise and fall of a single market. We want to make this good business great again by finding the right strategic solution – a solution that will give Appliances the global reach and investment required to compete more effectively.”

GE noted that it will retain its lighting and electrical distribution businesses, since both of these divisions are global and fit well with GE’s environmental initiative.

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