General Electric

John Wolz

General Electric
2001 Revenue $125.9 billion
2000 Revenue $129 billion
2001 Closing Price40.08
2000 Closing Price47.938

A year ago was attempting to acquire Honeywell International, with the deal including TriStar Aerospace and Banner Aerospace Inc. But European officials rejected approval and the deal died.
This year GE did pick up a fastener business when its $2.5 billion GE Supply division bought the bankrupt Questron Technologies Inc. GE renamed the company GE Supply Logistics LLC. The new company plans a headquarters in the Dallas/Fort Worth area. GE Supply is headquartered in Shelton, CT.
GE Supply Logistics president Jason Jones said the former Questron will supply the estimated quarter-million-dollar GE fastener market on an �arm�s-length basis with other vendors. In addition, GE Supply Logistics will seek to �be a player in the fastener industry� and distribute �outside of our core industries.�

Headquarters: 3135 Easton Turnpike, Fairfield, CT 06431. Tel: 203 373-2211
Web: gesupply.com
NASDAQ Symbol: GE
CEO: Jeff Immelt
Key fastener executive: Jason Jones, president and general manager, GE Supply Logistics LLC
Employees: 313,000 \�2002 FastenerNews.com