02262021Fri
Last updateThu, 25 Feb 2021 11pm

Valve Manufacturing

Emerson Considering Sale of Appleton Group for $1 Billion

Bloomberg is reporting that Emerson “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 $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.” 

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