InSinkErator Acquired by Whirlpool Corporation
Emerson has entered into an agreement to sell the InSinkErator® business to Whirlpool Corporation for $3 billion, with the transaction expected to complete during the final quarter of 2022.
InSinkErator®, the inventor and global market leader of food waste disposers, and a major player in the specialist kitchen tap market, was founded in 1938 and acquired by Emerson in 1968. InSinkErator® invented the food waste disposer over 90 years ago and today, has a range of world leading food waste disposers found in homes across the globe. The InSinkErator® portfolio also boasts a premium and elegant collection of specialist kitchen taps, in a variety of on-trend finishes.
Ashley Munden, GM – Managing Director, EMEA, InSinkErator®, says: “At InSinkErator®, we will continue to deliver premium, world class products, serving our customers with the highest quality standards. Business will continue to operate as normal with no changes to our customer experience.
“Today, InSinkErator® is a well-known and respected brand that has an exciting opportunity ahead. With the support of Whirlpool Corporation, InSinkErator® will continue to build on its strong legacy and performance, accelerate growth opportunities, develop innovative products and sustainable solutions for our customers. We will continue to invest in an engaging workplace experience for our employees and drive positive impact for our communities and all other stakeholders. Whirlpool Corporation’s decision to invest in InSinkErator® is both thoughtful and strategic, including further investment in our forthcoming product technologies. We are very excited for our business and customers about this new development and the future opportunities.
“InSinkErator® is entering a new chapter in its rich and continuing history as a global industry leader. As the world’s largest manufacturer of food waste disposers, and a leader in the market for specialist kitchen taps for home and commercial use, we have much to be proud of and even more to look forward to. This truly is a positive development for InSinkErator’s ongoing success, our future and our customers.”