Emerson Electric sells Brooks Instrument unit for $100 mln

giovedì 3 gennaio 2008 22:40
 

Jan 3 (Reuters) - Diversified manufacturer Emerson Electric Co (EMR.N: Quotazione) said it sold its Brooks Instrument unit to private equity firm American Industrial Partners Capital Fund for about $100 million in cash.

Hatfield, Pennsylvania-based Brooks provides flow measurement and control devices and principally serves the chemical and semiconductor industries.

The sale is part of Emerson's strategy to manage its business mix toward high-growth, high-return businesses. In the last 18 months, Emerson has sold several small businesses. (Reporting by John Tilak in Bangalore; Editing by Gopakumar Warrier)