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HENDERSONVILLE'S GE LIGHTING SYSTEMS FACILITY IS FOR SALE

 HENDERSONVILLE'S GE LIGHTING SYSTEMS FACILITY IS FOR SALE HENDERSONVILLE'S GE LIGHTING SYSTEMS FACILITY IS FOR SALE

ONE OF HENDERSON COUNTY'S OLDEST AND LARGEST JOB PROVIDERS AND INDUSTRIAL PARTNERS IS REPORTEDLY "ON THE MARKET" FOR SALE   

GE1

Word was received Tuesday afternoon that the GE Lighting facility is for sale, including the Henderson County facility.

Bob Williford, president of Henderson County Chamber of Commerce, said someone from GE called Monday and said the company is actively looking for a buyer for the entire division. It's unclear what will happen to the Henderson County facility, whether or not another company buys the lighting division.

It's also unclear how long it will take to find a buyer for the entire division, Williford said. GE would not say why it is selling.
Some 400-500 workers are employed at the Henderson County facility, which manufactures outdoor LED lighting and light fixtures, Williford said.

He said GE Henderson County is talking with employees.

The Henderson County facility went up for sale in late 1990s, and GE eventually stopped looking for buyer, Williford said.

 

FROM NATIONAL NEWS TODAY

General Electric is getting rid of the light bulb, the most iconic product of GE's 125-year existence.

Unveiling GE's roadmap, new CEO John Flannery said that the company would focus on its health, power and aviation businesses. Lighting didn't make the cut to be part of GE's future.

The news itself isn't a shock: The company said in July that it was looking to sell its lighting business. Lighting is by far GE's smallest division, making up just under 2% of the company's overall revenue. And light bulb sales have fallen 66% so far this year.

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