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Emerson sheds InterMetro commercial kitchen unit to Ali Group

Sep 30, 2015 - The Deal Pipeline

Emerson Electric Co. (EMR) has sold its InterMetro commercial kitchen product business to Ali Group for an undisclosed sum, continuing a purge of underperforming businesses at the St. Louis-based maker of industrial products.

The InterMetro business, which is based in Wilkes-Barre, Pa., and employs more than 1,500, generates less than $75 million in annual Ebitda on sales of more than $300 million, according to sources. Terms of the deal were not disclosed. InterMetro was founded as...