Deals
Emerson Considers Selling $1 Billion Appleton Group Division
- St. Louis-based firm has held talks with advisers about sale
- Emerson took control of Appleton with buyout in 2015
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Emerson Electric Co., one of North America’s largest industrial conglomerates, 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.