Stainless steel appliances and equipment have been used in restaurants and commercial kitchens for years because stainless steel possesses a long life span. Stainless steel is simple uphold and is easy to keep clean. If you want a household kitchen that looks contemporary stainless steel products are the way to go.

While Haier sells more home appliances than any other manufacturer in the world, it's still a relative unknown in the U.S. As Haier uses its acquisition of GE to further expand its global reach, it may be helpful to get a better grasp on the company's history and strategy.

On June 6, 2016, Haier and KKR acquired GE Appliances for $5.6 billion. Under the terms of the sale, Haier would have the right to use the GE brand name until 2056.