Camco, a Canadian appliance maker controlled by U.S. conglomerate General Electric (GE), has agreed to sell for US$70.4 million all of its common shares to Controladora Mabe.
CAMCO CAMCO Certified Association Management Company (Longwood, FL) , a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. appliance maker controlled by U.S. conglomerate conglomerate, in business
conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. General Electric (GE), has agreed to sell for US$70.4 million all of its
common shares to Controladora Mabe, a Mexican appliance maker 48%-owned
by GE.
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