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Emerson sells Brooks Instrument to private equity firm for $100 million |
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Jan 04, 2008 at 03:31 PM |
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Emerson has sold its specialty flow measurement and control division Brooks Instrument to private equity firm American Industrial Partners for approximately $100 million in cash. Brooks Instrument had sales of approximately $90 million in 2007, according to Emerson.
Emerson said that in the last 18 months it had sold several small businesses and was becoming more focused on high-growth, high-return businesses.
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