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Emerson Electrical (NYSE:EMR) is contemplating a sale of its Insinkerator waste disposal enterprise, which might fetch as a lot as $3B, Bloomberg reported on Wednesday.
The corporate is working with an adviser to have a look at choices for the unit, which might appeal to curiosity from non-public fairness corporations and publicly traded rivals, in line with the report.
Insinkerator makes rubbish disposal merchandise in addition to on the spot scorching water dispensers for households.
Emerson (EMR) has been an energetic dealmaker, closing the merger of its industrial software program arm with Aspen Expertise earlier this month.
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