Emerson Electric completes $3B divestiture of InSinkErator business

Nov. 01, 2022 7:32 AM ETEmerson Electric Co. (EMR), WHRBy: Preeti Singh, SA News Editor6 Comments
  • Emerson Electric (NYSE:EMR) has completed the sale of its InSinkErator business to Whirlpool (NYSE:WHR) for $3B.
  • Founded in 1938 and acquired by Emerson (EMR) in 1968, InSinkErator manufactures food waste disposers and instant hot water dispensers for home and commercial use.
  • On Monday, Emerson Electric (EMR) agreed to sell a majority interest in its climate technologies business to private-equity giant Blackstone (BX). The industrial automation company also reported better-than-expected fourth quarter results.

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