Emerson completes $810 million acquisition of Textron unit

Ferguson-based Emerson Electric has closed on its $810 million purchase of the tools and test equipment business of Rhode Island-based Textron Inc.

The tools and test unit has 2,300 employees. It will merge with Emerson’s Ridge Tool business to form a unit projected to eclipse $1 billion in annual sales.

The acquisition was first announced in April.

It’s part of a larger shift by Emerson, which has made several deals in the last few years, to sell off underperforming units and build up its process-control business through purchases.

Read more: St. Louis Business Journal, St. Louis Post-Dispatch

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