- 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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Emerson Electric completes $3B divestiture of InSinkErator business