ST. PAUL, Minn.--(BUSINESS WIRE)--June 2, 2005--The Retail Sales Finance unit of GE Consumer Finance has announced the signing of a multi-year agreement to provide a consumer financing program with several Lennox International businesses, including Armstrong Air Conditioning Inc., Excel Comfort Systems, Lennox Hearth Products Inc., Lennox Industries Inc., and Service Experts, Inc.
"We chose GE as our credit partner because of their excellent customer support and dealer service," explained Robert Lauterbach, vice president of Corporate Sourcing for Lennox. "Other important factors are GE's immediate credit decision process and robust promotional programs that will help generate sales. After our review and evaluation, GE's experience in the home improvement industry was the final determining factor in our decision."
Account service and contractor support will be provided from Retail Sales Finance's St. Paul, Minn. and Rapid City, S.D. locations.
"Lennox is a very respected name in the HVAC industry, so we are delighted they selected us as their retail credit partner," said Bruce Christensen, vice president of Home Improvement for GE Consumer Finance's Retail Sales Finance unit. "Consumer financing should enhance business, and our goal is to provide Lennox customers and dealers with the very best credit service possible and make it easy to purchase innovative and energy efficient products."
About Retail Sales Finance and GE Consumer Finance
Retail Sales Finance, based in Kettering, Ohio, is part of GE Consumer Finance and provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers in key industries: home improvement, powersports, outdoor equipment, automotive/recreational vehicles, consumer electronics and appliances, furniture, floor covering, jewelry and health care. With $150 billion in assets, GE Consumer Finance, a unit of General Electric Company, is a leading provider of credit services to consumers, retailers and auto dealers in 47 countries around the world. GE Consumer Finance, based in Stamford, Conn. (USA), offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. More information can be found online at www.geconsumerfinance.com. GE (NYSE: GE) is a diversified technology, media and financial services company dedicated to creating products that make life better. For more information, visit the company's Web site at www.ge.com.
(C) 2005 General Electric Company, All rights reserved.
Contacts
GE Consumer Finance
Retail Sales Finance
Karen O'Shea, 972-497-5172
www.lennoxinternational.com
or
Cristy Williams, 678-518-2596
[email protected]
Cristy Williams
[email protected]
678.518.2596