Pankaj36. Electrolux AB (Eureka Brand)
Headquarters: Medford, Mass.
Bought By: Midea Group
Headquarters: Beijiao town, Shunde District, Foshan, China
The Eureka Vacuum Cleaner Company was founded 111 years ago in Detroit, Michigan. As you might expect, the household appliance makers have undergone some drastic changes since then. Swedish company AB Electrolux bought the business in 1974, but manufacturing continued in the United States.
In 2016, Eureka was sold once more to the Midea Group, who took over production of the products. According to the website, Midea prides itself on “humanizing technology”, bringing in a revenue of $40.5 billion in the last financial year. It’s unclear how much the China-based company spent on acquiring the business.