Deals
Emerson Electric Is Considering $1 Billion Sale of Therm-O-Disc Unit
- Company working with financial adviser on sale process
- Emerson agreed this month to buy majority of Aspen Technology
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Industrial conglomerate Emerson Electric Co. is considering a sale of thermostat maker Therm-O-Disc that could value the unit at about $1 billion, according to people familiar with the matter.
Emerson is working with an adviser to run a sale process for the unit, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Therm-O-Disc, which is generating about $75 million a year in earnings before interest, taxes, depreciation and amortization, is expected to attract interest from private equity firms, the people said.