(Pleasant Prairie, WI) — The home appliance-making giant Whirlpool has bought a Wisconsin based company, InSinkErator for three-billion dollars.
InSinkErator is owned by Emerson and is based in Pleasant Prairie. It is the world’s largest manufacturer of sink disposals and on-demand hot water dispensers, controlling more than 70-percent of the market.
Whirlpool says it plans to keep the production in Wisconsin. Media reports call it an all-cash transaction that should close in the fourth quarter.
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