Emerson Electric Co. is considering a sale of waste-disposal business Insinkerator, according to people familiar with the matter.
The unit could fetch as much as $3 billion, said one of the people, who asked to not be identified because the matter isn’t public. The St. Louis-based company is working with an adviser to look at options for the unit, which is likely to attract interest from private equity firms and publicly traded rivals, the people said.
Emerson has been an active dealmaker, closing the merger of its industrial software arm this month with Aspen Technology Inc. It also announced the sale in March of its Therm-O-Disc unit to private equity firm One Rock Capital Partners.
Read more: BNN Bloomberg
