August 9, 2022
Michigan-based home appliance manufacturer Whirlpool announced on Monday, August 8, on PR Newswire that it has entered into a definitive agreement with Missouri-based Emerson Electric to acquire InSinkErator—the world’s largest manufacturer of food waste disposers and instant hot water dispensers for home and commercial use—in an all-cash transaction for $3.0 billion.
“We are excited for the unique opportunity to add InSinkErator to our portfolio of leading brands. The acquisition is a clear accelerator of our ongoing portfolio transformation and aligned with our stated goals of investing in high-growth and high-margin businesses and Win Americas,” said Marc Bitzer, Chairman and CEO of Whirlpool.
“InSinkErator is not only an iconic brand with a reputation for the highest quality and performance, but also a business that is purpose-driven and shares our vision of improving life at home,” Bitzer said, adding, “We look forward to capitalizing on the significant growth opportunities we see for this business.”
Established in 1938, InSinkErator is the leader in the food waste disposal industry, with a greater than 70% share and the industry’s most recognized and trusted brand.
InSinkErator has established an international presence that reaches nearly 80 countries, with subsidiaries in Australia, Brazil, Canada, China, Mexico, New Zealand, and the United Kingdom. The company will maintain its headquarters in Mount Pleasant, Wisconsin.
Research contact: @WhirlpoolCorp