Camplux to sell the entire line of water heaters to China

CAMPLUX, France — Camplix, the French appliance maker, will sell its entire line to a Chinese company for about $1.3 billion, a source familiar with the matter said Wednesday.The Chinese-listed company, Camplx, has been under pressure to buy up more of its U.S. and European brands after U.K. and French regulators banned its sale of …