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8/8, 1:34 PM (Source: TeleTrader)
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Whirlpool to acquire InSinkErator for $3 billion

Whirlpool Corp. announced on Monday that it will buy InSinkErator, owned by Emerson Electric Co., for $3 billion. The all-cash transaction is expected to close in the fourth quarter of 2022, adding around $1.25 to Whirlpool's earnings per share in fiscal 2023.

According to the announcement, InSinkErator is currently the world's largest manufacturer of food waste disposers and instant hot water dispensers. After the acquisition, it will operate as a separate business as part of Whirlpool's North America Region and keep its headquarters in Mount Pleasant, Wisconsin.

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