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Emerson Electric to sell food waste disposal business

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St. Louis-based Emerson Electric reached a deal to sell its food waste disposal business.

Whirlpool Corp. agreed to purchase InSinkErator for $3 billion in cash.

Emerson officials said the sale of InSinkErator "represents a meaningful step in Emerson’s continued commitment to creating a higher growth, more diversified and cohesive portfolio."

Read more from the St. Louis Business Journal.

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