08.09.22
Emerson announced an agreement to sell its InSinkErator® business to Whirlpool Corporation for $3 billion. InSinkErator’s trailing 12-month revenue, as of March 31, 2022, was $595 million, pretax earnings were $148 million and EBITDA was $166 million, representing a transaction value of 18.1x EBITDA.
The sale of InSinkErator represents a step in Emerson’s continued commitment to creating a higher growth, more diversified and cohesive portfolio.
InSinkErator, the world’s largest manufacturer of food waste disposers and instant hot water dispensers for home and commercial use, was founded in 1938 and acquired by Emerson in 1968. Whirlpool Corporation, a leader in the home appliance industry, is well positioned to build on InSinkErator’s strong legacy and performance for long-term growth and success.
The transaction is expected to close in Emerson’s 2023 fiscal year, subject to regulatory approvals and other customary closing conditions. Emerson will work closely with Whirlpool Corporation to help ensure a smooth transition for customers and InSinkErator’s nearly 1,400 employees.
The sale of InSinkErator represents a step in Emerson’s continued commitment to creating a higher growth, more diversified and cohesive portfolio.
InSinkErator, the world’s largest manufacturer of food waste disposers and instant hot water dispensers for home and commercial use, was founded in 1938 and acquired by Emerson in 1968. Whirlpool Corporation, a leader in the home appliance industry, is well positioned to build on InSinkErator’s strong legacy and performance for long-term growth and success.
The transaction is expected to close in Emerson’s 2023 fiscal year, subject to regulatory approvals and other customary closing conditions. Emerson will work closely with Whirlpool Corporation to help ensure a smooth transition for customers and InSinkErator’s nearly 1,400 employees.