Sampath Home Appliances: The Latest on the $2.5B deal to sell the brand to a Chinese conglomerate

Brighton, Va.(AP) The Latest On This…Sampath is in talks with a Chinese company for a sale of the company to a conglomerate, a source with knowledge of the deal told The Associated Press.Brighton-based Sampath said Thursday it’s in discussions with the conglomerate about a potential sale, which could involve a potential takeover or a combination…

Published by admin inJune 22, 2021
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Brighton, Va.

(AP) The Latest On This…

Sampath is in talks with a Chinese company for a sale of the company to a conglomerate, a source with knowledge of the deal told The Associated Press.

Brighton-based Sampath said Thursday it’s in discussions with the conglomerate about a potential sale, which could involve a potential takeover or a combination of both.

Brightons deal with the Chinese conglomerate, Shanghai Yuansheng Group Co., is the latest of several acquisitions and investments in the state-owned electronics giant, which last year sold a controlling stake in its own technology to U.S. retailer Walmart.