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Is another blockbuster acquisition from China afoot?
Electrolux is selling its venerable Eureka floor-care brand to China’s Midea Group for an undisclosed sum. Ola Nilsson, head of Electrolux Small Appliances, said...
Chinese appliance powerhouse Midea is expanding its R&D facilities in Louisville, Ky., as part of a market-share push in America. The vendor opened the...