InSinkErator is being sold to Whirlpool Corporation for $3 billion, with the transaction expected to complete during the final quarter of this year.
The inventor of food waste disposers, and a major player in the specialist kitchen tap market, was founded in 1938 and acquired by Emerson in 1968.
Ashley Munden, Managing Director, EMEA at InSinkErator (pictured below), said the brand is entering a new chapter in its “rich and continuing history”.
“We will continue to deliver premium, world class products, serving our customers with the highest quality standards,” he added. “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, it will continue to build on its strong legacy and performance, accelerate growth opportunities, develop innovative products and sustainable solutions for our customers.”
Mr Munden said that Whirlpool Corporation’s decision to invest in InSinkErator “is both thoughtful and strategic”, including further investment in forthcoming product technologies.
“We are very excited for our business and customers about this new development and the future opportunities,” he concluded. “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.”
