Content about Electrolux

September 10, 2014

Electrolux CEO Keith McLoughlin has three major reasons for believing that the company’s deal to acquire GE Appliances will position his company to succeed in an increasingly global and competitive industry.

He shared those reasons, along with additional “flavor” on the $3.3 billion appliance mega deal, shortly after its announcement.

September 8, 2014

Electrolux agreed to acquire the appliances business of General Electric for a cash consideration of $3.3 billion.

The announcement was made early Monday morning. 

According to Electrolux, the deal enhances Electrolux’s position as a global player in home appliances, offering an opportunity to invest in innovation and growth, and is a particularly attractive strategic fit in North America.

July 18, 2014

Electrolux president and CEO Keith McLoughlin reflected on the company's progress during the second fiscal quarter, pointing to prospects for growth.

However, net sales decreased by about 4.9% year-over-year, totaling $26.3 billion for the three-month period. That decrease was slightly smaller for the six-month period -- 2.0%.

Meanwhile, the company posted a net loss of $92 million for the quarter. For the first six months, the company's net income of $339 million compares to net income of $1.003 billion for the same six-month period last year. 

May 28, 2014

Electrolux is helping out those in need in its Charlotte, North Carolina locale by way of $50,000 worth of donated appliances.

The first part of the delivery was made last Thursday to two recipients, both of whom are formerly homeless veterans who are now moving into their own apartments through a program with Builders of Hope.

May 14, 2014

Electrolux is making a $30 million investment in its Anderson, South Carolina manufacturing facility, where it produces top-mount and under-the-counter refrigerators.

March 13, 2014

Charlotte, N.C.-based Electrolux promoted John Weinstock to senior VP North American marketing. 

Weinstock, who joined the company in 2011 as VP North American marketing, oversees brand management, consumer insight-led innovation, and integrated trade and consumer marketing campaigns.

November 20, 2013

Electrolux has named Nolan Pike as senior VP and general manager for its North American cooking business, effective Dec. 2.

Pike most recently worked for Sears as its Kenmore Brand VP and general manager and as the top merchant for Sears Home Appliances. He also spent many years in manufacturing and led the development, launch and product management of several cooking lines. 

October 29, 2013

Electrolux hit a 25-year milestone at its refrigeration plant in Anderson, S.C.

The plant’s 1,800 employees manufacture 9,300 top-mount refrigerators each day, or 2 million annually.  Each year, the company manufactures one out of every two top-mount refrigerators sold in the U.S. market. 

April 25, 2013

Supported by the recovery in the housing market, the Electrolux North American appliance business generated strong sales and earnings growth.

April 9, 2013

The new French Door Refrigerator includes organizational improvements and temperature technology innovations.

February 13, 2013

Electrolux has this year been included in the Global 100 ranking of the world’s most sustainable companies, returning to the list for the first time since 2005.

December 3, 2012

Electrolux will relocate its North American laundry products research and development center to Charlotte, N.C., from Webster City, Iowa.

The move signals the company’s commitment to further product innovation in its fabric care business and builds on the design, testing and marketing capabilities that already exist in its Charlotte-based North American headquarters.

October 23, 2012

Swedish appliance manufacturer Electrolux reported a 5.9% sales increase in its third quarter, with sales of 27.1 billion Swedish krona, or $4.1 billion.

“In the third quarter, Electrolux recorded a significant year-on-year improvement in its sales and earnings despite considerable uncertainty in markets across the globe,” said CEO Keith McLoughlin.

All business areas with the exception of Europe achieved an operating margin above 6%. 

September 12, 2012

In July, Home Depot announced the addition of Whirlpool, Electrolux and Frigidaire to its lineup of appliance brands. 

More recently, the company has trumpeted the new additions with a front-and-center banner over the stores’ front doors. The banner shows the three new logos and the English and Spanish announce of “new appliance brands." 

July 3, 2012

Home Depot has announced the expansion of its major appliance brands by adding Whirlpool, Electrolux and Frigidaire in a limited number of stores and on Homedepot.com.

The appliances will be available through the company's Depot Direct delivery network and available to be ordered in all U.S. stores. Depot Direct includes more than 3,000 appliances delivered and installed to the customer's home within one to five days of purchase. Appliance purchases through Depot Direct include free delivery and haul-away.

July 3, 2012

Home Depot has announced the expansion of its major appliance brands by adding Whirlpool, Electrolux and Frigidaire in a limited number of stores and on Homedepot.com.

The appliances will be available through the company's Depot Direct delivery network and available to be ordered in all U.S. stores. Depot Direct includes more than 3,000 appliances delivered and installed to the customer's home within one to five days of purchase. Appliance purchases through Depot Direct include free delivery and haul-away.

January 10, 2012

Appliance maker Electrolux has hired Stefano Marzano as its chief design officer, a new role at the company. Marzano will lead all design-related competencies in the various business groups.

Marzano, age 62, had a long career at Royal Philips Electronics, working for 20 years as its chief design officer. Until 1998 he was a professor at the Domus Academy in Milan, and also served as a visiting professor at Politecnico did Milano, the polytechnic institute in Milan. Marzano is also the author and editor of several books on design.

January 10, 2012

Appliance maker Electrolux has hired Stefano Marzano as its chief design officer, a new role at the company. Marzano will lead all design-related competencies in the various business groups.

Marzano, age 62, had a long career at Royal Philips Electronics, working for 20 years as its chief design officer. Until 1998 he was a professor at the Domus Academy in Milan, and also served as a visiting professor at Politecnico did Milano, the polytechnic institute in Milan. Marzano is also the author and editor of several books on design.

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