Emerson considers selling US$1 billion Appleton Group division

Kiel Porter and Aaron Kirchfeld, Bloomberg News
MEXICO - FEBRUARY 23: Workers at the Emerson Electric Co. plant assemble In-Sink-Erator hot water dispensers in Reynosa, Mexico on Thursday, February 23, 2006. The 180,000 sq. ft. plant will employ over 500 people manufacturing wet/dry vacs and In-SInk-Erator hot water dispensers. (Photo by Eddie Seal/Bloomberg via Getty Images) Photographer: Bloomberg/Bloomberg
, Photographer: Bloomberg/Bloomberg
Emerson Electric Co., one of North America’s largest industrial conglomerates, is considering a sale of electrical products unit Appleton Group, according to people familiar with the matter.
The St. Louis-based company has held preliminary talks with advisers about a potential US$1 billion auction of the business in 2021, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The unit is likely to attract interest from peers and private equity firms, although no final decision has been made and Emerson could elect to keep Appleton, the people said.

Related Keywords

United States ,America ,Lal Karsanbhai ,Dave Farr ,Emerson Electric Co ,Electrical Group ,Appleton Group ,North America ,Chief Executive Officer Dave Farr ,ஒன்றுபட்டது மாநிலங்களில் ,அமெரிக்கா ,லால் கர்சன்பாய் ,டேவ் ஃபார் ,எமர்சன் மின்சார இணை ,மின் குழு ,ஆப்பிள்டன் குழு ,வடக்கு அமெரிக்கா ,தலைமை நிர்வாகி அதிகாரி டேவ் ஃபார் ,