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Davis Polk Advises Emerson on the Sale of Its Motor and Appliance Controls Businesses
8/19/2010
Davis Polk & Wardwell LLP is advising Emerson Electric Co. in connection with the sale of its Motors and Appliance Controls businesses to Nidec Corporation. Included in the sale are two Emerson Motor Company businesses – Emerson’s Commercial and Industrial Motors and Emerson Appliance Motors and Controls. Combined, these businesses accounted for more than $800 million in sales in fiscal 2009.

Based in St. Louis, Missouri, Emerson is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial and consumer markets through its network power, process management, industrial automation, climate technologies and appliance and tools businesses. Based in Kyoto, Japan, Nidec is the world's leading manufacturer of small precision motors, including motors used in hard disk drives and optical disk drives (including Blu-ray disk drives).

The Davis Polk corporate team includes partners Phillip R. Mills and Marc O. Williams and associates Joanna A. McGinley and Rahael Seifu. The tax team includes partner Po Sit and associate Catherine Paskoff Chang. Partner Barbara Nims and associate Andrew Blau are providing benefits advice. Partner Gail A. Flesher and associate Brianne M. Lucyk are providing environmental advice. All members of the Davis Polk team are based in the New York office.