Frigidaire
Original Headquarters: Fort Wayne, Indiana
Purchased By: Electrolux
Country: Sweden
The Guardian Frigerator Company (as it was originally known) began operations in Fort Wayne, Indiana, in 1918. Although Nathaniel B. Wales and Alfred Mellowes formally created the company, they did not have the necessary funds to get it started. This is where General Motors founder William C. Durant stepped in. Without his funding, the couple might never have gotten their company, subsequently renamed Frigidaire, off the ground. The White Sewing Machine Company acquired the company in 1979, and Electrolux of Sweden purchased it in 1986. Frigidaire has been a subsidiary of the company ever since.
Frigidaire
Strategic Hotels and Resorts
Original Headquarters: Chicago, IL
Purchased By: Anbang Insurance Group
Country: China
Strategic Hotels & Resorts Inc is a hotel network that operates 17 premium hotels in the United States and, uniquely, one property in Germany. Laurence S. Geller, a real estate investor and philanthropist, launched the successful company in 1997. Anbang Insurance Group, a Chinese corporation, acquired the company in 2016 for an estimated $6.5 million. The first transaction fell through, however, and they ended up purchasing the company for $1 million less since one of their properties was prohibited from being transferred by the US government due to its proximity to a navy installation.
Strategic Hotels And Resorts
