ST. LOUIS — Emerson announced that it has agreed to sell its Heating Products business to NIBE Industrier AB. Terms of the agreement were not disclosed. The sale is expected to close by Sept. 30, 2011.

Emerson Heating Products, primarily a North American appliance components business that was established in 1917, is a leader in heat-related solutions for the appliance manufacturing industries including the water heater segment. The business has annual sales of approximately $75 million with about 1,100 employees in Murfreesboro, Tenn.; Nuevo Laredo, Mexico; and Shenzhen, China.

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Publication date: 09/05/2011