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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 Americaâs 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 werenât authorized to speak publicly. The unit is likely to attract interest from peers and privat