Emerson $3 billion sale of InSinkErator business to Whirlpool
Davis Polk is advising Emerson on the $3.0 billion sale of its InSinkErator business to Whirlpool Corporation. The transaction is expected to close in Emerson’s 2023 fiscal year, subject to regulatory approvals and other customary closing conditions.
InSinkErator, founded in 1938, is a global manufacturer of food waste disposers and instant hot water dispensers for home and commercial use and was acquired by Emerson in 1968. Emerson is a global technology and software company providing innovative solutions for customers in industrial, commercial and residential markets. Emerson helps process, hybrid and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals through its Automation Solutions and AspenTech businesses. Emerson’s Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure.
Whirlpool Corporation is a global manufacturer of kitchen and laundry appliances.
The Davis Polk corporate team includes partners Marc O. Williams and Phillip R. Mills and associates Dmitriy Molchanov, Christine Choi and Jessica L. Teng. The executive compensation team includes partner Jennifer S. Conway. The intellectual property and technology transactions team includes partner Frank J. Azzopardi and associate Mikaela Dealissia. The tax team includes partner Michael Mollerus. The environmental team includes counsel David A. Zilberberg. All members of the Davis Polk team are based in the New York office.