Justice Department files lawsuit to stop Electrolux from buying - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Justice Department files lawsuit to stop Electrolux from buying GE's appliance business

WASHINGTON, D.C. (WDAM) -

This is a news release from the U.S. Department of Justice.

The Department of Justice filed a civil antitrust lawsuit seeking to block the acquisition of General Electric Company’s appliance business by AB Electrolux and Electrolux North America Inc., whose brands include Frigidaire.  The department said that the $3.3 billion acquisition would combine two of the leading manufacturers of ranges, cooktops and wall ovens sold in the United States, eliminating competition that has benefited American consumers through lower prices and more options.  According to the department’s complaint, purchasers in the United States spent over $4 billion on these major cooking appliances in 2014.

“Electrolux’s proposed acquisition of General Electric’s appliance business would leave millions of Americans vulnerable to price increases for ranges, cooktops and wall ovens, products that serve an important role in family life and represent large purchases for many households,” said Deputy Assistant Attorney General Leslie C. Overton of the Justice Department’s Antitrust Division.  “This lawsuit also seeks to prevent a duopoly in the sale of these major cooking appliances to builders and other commercial purchasers, who often pass on price increases to home buyers or renters.”   

The Antitrust Division’s lawsuit, which seeks to prevent the companies from merging and to preserve their existing head-to-head competition, was filed in the U.S. District Court for the District of Columbia.

Electrolux North America Inc. is an Ohio corporation headquartered in Charlotte, North Carolina.  Electrolux North America Inc. makes and sells major appliances, including those under the brand names Frigidaire, Tappan and Electrolux.  Electrolux’s annual major-appliance sales in the United States total approximately $2.6 billion.  Electrolux North America Inc. is a wholly owned subsidiary of defendant AB Electrolux.

General Electric Company is a New York corporation headquartered in Fairfield, Connecticut.  General Electric’s appliance business is based in Louisville, Kentucky.  It makes and sells major appliances, including those under the brand names GE Monogram, GE Café, GE Profile, GE, GE Artistry and Hotpoint.  In the United States, General Electric’s annual major appliance sales total approximately $3.4 billion.

Copyright 2015 WDAM. All rights reserved.

  • Local NewsLOCALMore>>

  • Former sales rep arrested on violations of pretrial release

    Former sales rep arrested on violations of pretrial release

    Thursday, July 19 2018 3:02 PM EDT2018-07-19 19:02:55 GMT
    Jay Schaar was arrested on July 10 for violating the conditions of his pretrial hearing. (Photo Source: WDAM)Jay Schaar was arrested on July 10 for violating the conditions of his pretrial hearing. (Photo Source: WDAM)

    Jay Schaar, a former pharmaceutical sales representative, was arrested in Gulfport on July 10.  Based on court documents, the arrest was a result of violations of conditions of his pretrial release. Schaar pleaded guilty on July 25, 2017 to conspiracy to commit health care fraud in a scheme to defraud TRICARE--- a health care program for uniformed service members and their families--- of more than $2.3 million.  Back in March, Schaar took the stand in a fede...

    More >>

    Jay Schaar, a former pharmaceutical sales representative, was arrested in Gulfport on July 10.  Based on court documents, the arrest was a result of violations of conditions of his pretrial release. Schaar pleaded guilty on July 25, 2017 to conspiracy to commit health care fraud in a scheme to defraud TRICARE--- a health care program for uniformed service members and their families--- of more than $2.3 million.  Back in March, Schaar took the stand in a fede...

    More >>
  • Jones Co. bridge reopens after preventative maintenance

    Jones Co. bridge reopens after preventative maintenance

    Thursday, July 19 2018 10:10 AM EDT2018-07-19 14:10:16 GMT
    Officials have reopened a bridge in Jones County following preventative maintenance. (Photo Source: Google Maps)Officials have reopened a bridge in Jones County following preventative maintenance. (Photo Source: Google Maps)
    Officials have reopened a bridge in Jones County following preventative maintenance. (Photo Source: Google Maps)Officials have reopened a bridge in Jones County following preventative maintenance. (Photo Source: Google Maps)
    County officials have reopened a Jones County bridge that was initially closed on July 9 for preventative maintenance. The decision impacted Moselle Seminary Road and The Burr Creek Bridge near Southern Hens and the Moselle Power Plant.  During the closure, drivers were rerouted to other roads in the area. The cost to repair the bridge was $80, 000.  Copyright WDAM 2018. All rights reserved.  More >>
    County officials have reopened a Jones County bridge that was initially closed on July 9 for preventative maintenance. The decision impacted Moselle Seminary Road and The Burr Creek Bridge near Southern Hens and the Moselle Power Plant.  During the closure, drivers were rerouted to other roads in the area. The cost to repair the bridge was $80, 000.  Copyright WDAM 2018. All rights reserved.  More >>
  • TRAFFIC ALERT: Utility work expected to cause downtime in Lamar Co.

    TRAFFIC ALERT: Utility work expected to cause downtime in Lamar Co.

    Thursday, July 19 2018 7:43 AM EDT2018-07-19 11:43:54 GMT
    (Photo Source: City of Hattiesburg)(Photo Source: City of Hattiesburg)
    (Photo Source: City of Hattiesburg)(Photo Source: City of Hattiesburg)
    The City of Hattiesburg is urging motorists to use caution Thursday morning in various areas of the city due to utility work. Pearl River Valley Electric began work on switching out a transformer at 6 a.m.  So, traffic lights at US 98 and Hwy 11, US 98 and Lake Forgetful and US 98 and Cross Creek Parkway are expected to experience some downtime .  The Hattiesburg Police Department will be directing traffic in those areas to offer support in the event downtime does occur.&n...More >>
    The City of Hattiesburg is urging motorists to use caution Thursday morning in various areas of the city due to utility work. Pearl River Valley Electric began work on switching out a transformer at 6 a.m.  So, traffic lights at US 98 and Hwy 11, US 98 and Lake Forgetful and US 98 and Cross Creek Parkway are expected to experience some downtime .  The Hattiesburg Police Department will be directing traffic in those areas to offer support in the event downtime does occur.&n...More >>
Powered by Frankly