Emerson to acquire Cooper-Atkins
Deal will add to Emerson supermarket, cargo operations, officials say
Emerson is buying HVAC instruments manufacturer Cooper-Atkins. Terms were not disclosed.
Cooper-Atkins makes a variety of temperature and environmental measuring and wireless monitoring devices for food service, health care and industrial use.
Adding Cooper-Atkins to the Emerson portfolio will work well with the company’s existing supermarket and cargo tracking businesses, officials said.
“Temperature management in food retail and restaurants is a dynamic market due to increasing regulatory requirements, rising labor costs and the proliferation of locations where fresh foods are prepared and served,” said Robert T. Sharp, executive president of Emerson’s commercial and residential solutions division. “This acquisition further strengthens our ability to meet the evolving needs of our cold chain customers — from grower to retailer — to help provide consistent and safe control of food and other temperature-sensitive goods.”
Emerson Chairman and CEO David N. Farr said the company will quickly begin to tap Cooper-Atkins’ supply chain expertise.
“We see food safety as a critical need that will shape demand in our end markets,” Farr said. “Cooper-Atkins’ strong brand reputation and leading portfolio of automated temperature and monitoring solutions broadens our access to the foodservice industry.”