McIntosh Group purchased by PE firm

@lordmelton  you have a very valid point on the current state of affairs in the United States. Most tire companies are owned or manufacture in China due to lax environmental standards. That trend has been going on for decades.  

Mc is an American Icon in Hi-Fi like them or not and it would be a shame to see them go the way of other iconic American brands like General Electric that has zero US manufacturing now. 

I also hate to say that @jerryg123 has a point also. Many here are looking for the car crash or the body covered on the side of the road. 

Nationalism aside some offshore production of products is necessary, it is just when companies misrepresent this and say made in the USA, or the EU and it is merely assembled of all offshore content. Truth in packaging and COO so the consumer can make the decision weather to buy or not. Voting with their wallet?

I hope that the PE Venture works out for Mc as this is not their first foray into PE waters.

Time will tell. 

@cleeds let me help you. 

How many plants does GE have in the US?

The number of GE's manufacturing plants in the US has dwindled from 191 in 2017 to 82 plants in 2020.

GE has over 500 plants offshore. 

Aerospace is big for GE as is Health Care and all of the HC unit products are made in Asia. 

Another person who cannot face the facts. Oh joy. That's okay. GE's largest segment is in the crapper as aerospace has been in the tank for 4 years. less than 20% of the manufacturing capacity of GE in in the US. Yep a juggernaut.