General Electric Wants Out of the Lightbulb Business - Energy Watch News


General Electric Wants Out of the Lightbulb Business

Sale of business that once defined GE, co-founded by Thomas Edison, could fetch $500 million. The commercial lighting business rolled into GE’s newer company Current is not part of the sale discussion. While nearly all of GE Lighting products are manufactured and assembled overseas, Nela Park is where innovation and design for the company’s lighting products occurs. The consumer lighting segment, including the commercial portion, had about $2.2 billion in revenue last year, or less than 2 percent of GE’s total. Its lightbulbs and fixtures are among the few remaining GE consumer products. https://www.wsj.com/articles/ge-weighs-sale-of-consumer-lighting-business-1491415326

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